Based on the last 12 ECB Interest Rate Decision events in Euro Area, we expect a $3540 movement on GBPUSD within 48 hours following the event release at 2023-02-03 00:15. We expect GBPUSD to trend downwards 48 hours following the event release at 2023-02-03 00:15 if the released value is = 3%

Historical events that allowed us to draw this conclusion

16 Dec 00:15	27 Oct 23:15
09 Jun 21:45	14 Apr 21:45
10 Mar 23:45	03 Feb 23:45
16 Dec 23:45	28 Oct 22:45

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