We expect GBPUSD to trend downwards later today. Based on these past France GDP Growth Rate QoQ 1st Est news events there is a 87.5% chance of this. We expect this to happen if the released value is > 0%. A price movement of 113 pips is expected.

Historical events that allowed us to draw this conclusion

29 Jul 15:30	28 Jan 17:30
29 Oct 16:30	30 Jul 15:30
30 Apr 15:30	29 Jan 17:30
31 Jul 15:30

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