Be very careful of upcoming volatility because of United Kingdom GDP Growth Rate YoY Prel news event later today. We expect a large increase in volatility on the these instruments following the event release at 13 May 16:00 GMT+10:
The table below summarizes how the volatility of each instrument is expected to change during this news event.
| Symbol | Normal Movement Range | Movement range during GB GDP Growth Rate YoY Prel |
|---|---|---|
| GBPUSD | 37-65 pips | 60-90 pips (38.62%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).