Based on past Italy GDP Growth Rate QoQ Adv news events there is a 83.33% chance of GBPUSD trending upwards. We expect this to happen if the released value is > -2.2%. A price movement of 36 pips is expected.

Historical events that allowed us to draw this conclusion

30 Oct 20:00	30 Apr 20:00
31 Oct 22:00	31 Jul 20:00
30 Apr 20:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).