Why you should close your GBPUSD positions today

Be very careful of upcoming volatility because of United Kingdom GDP Growth Rate YoY Final news event later today. Based on the last 12 GDP Growth Rate YoY Final events in United Kingdom, we expect a $170 movement on GBPUSD within 4 hours following the event release at 21 Dec 09:30. We expect this to happen if the released value is < 1.5%. A price movement of 17 pips is expected.

Historical events that allowed us to draw this conclusion

28 Sep 09:30

29 Sep 09:30

23 Dec 09:30

30 Sep 09:30

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

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