Warning: Upcoming volatility at 21 Dec 09:30

United Kingdom is releasing its GDP Growth Rate QoQ Final news event later today, and because of this we are expecting a large increase in volatility following the event release at 21 Dec 09:30. These are the instruments that will be affected:

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 QoQ Final
AUDUSD 21-34 pips 24-34 pips (0.71%)
EURUSD 26-45 pips 39-43 pips (-4.57%)
NZDUSD 21-32 pips 23-40 pips (22.12%)
USDCAD 24-40 pips 23-26 pips (-32.51%)
USDCHF 23-39 pips 26-36 pips (-6.95%)

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