What to trade around United Kingdom GDP Growth Rate QoQ Prel news event

Past performance is not an indicator of future results.
Based on the last 12 GDP Growth Rate QoQ Prel events in United Kingdom, we expect USDCAD to trend downwards right now. Based on these past events there is a 80% chance of this. We expect USDCAD to trend downwards for the next 2 hours because the released value is = 0.2%. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

10 Aug 09:30

26 Jul 09:30

27 Apr 09:30

28 Jan 09:30

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

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