Based on the last 12 GDP Growth Rate QoQ 1st Est events in France, we expect GBPUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend upwards 48 hours following the event release at 30 Oct 17:30 if the released value is > 15.4%. A price movement of 174 pips is expected.

Historical events that allowed us to draw this conclusion

30 Oct 17:30	30 Jan 17:30
30 Jan 17:30

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