United Kingdom Balance of Trade News Event – a possible $3,280 movement on GBPUSD

Based on the last 12 Balance of Trade events in United Kingdom, we expect a $3,280 movement on GBPUSD within 48 hours following the event release at 12 Jun 16:00. We expect GBPUSD to trend upwards 48 hours following the event release at 12 Jun 16:00 if the released value is > £-6.2B

Historical events that allowed us to draw this conclusion

11 Feb 20:30
13 Jan 20:30
10 Oct 19:30
09 Sep 18:30
10 Jul 18:30
10 Jun 18:30

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