How GBP/USD reacts to macro news
GBP/USD moves 1.9× a normal day after FOMC; 23% of releases give it a top-10% day.
GBP/USD has data for 1,394 scheduled macro releases across 10 event types. The biggest typical next-fix move (median size, either direction) came after FOMC rate decision (±0.56%, 1.9× a normal day), the smallest after US Consumer Price Index (CPI) (±0.28%, 1.0× a normal day).
Next release that moves GBP/USD: FOMC rate decision,
GBP/USD is a once-a-day series (Fed H.10 noon New York rate), so moves are measured to the next daily fix and one week later, not intraday.
Every event, ranked by how much it moves GBP/USD
Ranked by the move multiple: the median move after a release vs a matched normal day. "Top-10%" is how often a release gives a move bigger than 90% of normal ones (10% would be no different from normal). Impact is the event's site-wide rating (see methodology). Typical move sizes by window follow (median absolute move, either direction). Click a column to sort; click an event for every release.
| Event | × normal | Top-10% | Impact | Next fix | +1 week | % up Next fix | n |
|---|---|---|---|---|---|---|---|
| FOMC rate decision | 1.9× | 23% | High | 0.56% | 1.03% | 49% | 77 |
| Bank of England rate decision | 1.9× | 24% | Low | 0.56% | 1.12% | 50% | 78 |
| US GDP (advance estimate) | 1.3× | 15% | Medium | 0.42% | 0.75% | 44% | 39 |
| US retail sales | 1.3× | 21% | Low | 0.38% | 0.92% | 52% | 115 |
| US PCE inflation (Personal Income and Outlays) | 1.1× | 13% | Medium | 0.34% | 0.80% | 51% | 114 |
| US initial jobless claims | 1.1× | 12% | Low | 0.33% | 0.77% | 49% | 504 |
| US Nonfarm Payrolls (NFP) | 1.1× | 8% | High | 0.35% | 0.79% | 47% | 117 |
| US Producer Price Index (PPI) | 1.1× | 15% | Medium | 0.32% | 0.93% | 44% | 117 |
| UK Consumer Price Index (CPI) | 1.1× | 12% | Low | 0.30% | 0.77% | 47% | 116 |
| US Consumer Price Index (CPI) | 1.0× | 15% | High | 0.28% | 0.82% | 58% | 117 |
Past releases, not a forecast. Typical sizes hide big differences between individual releases; open an event to see them all.
Recaps where GBP/USD moved most
Event recaps ranked by the size of GBP/USD's move to the next daily fix (it is a once-a-day series, so there is no 4-hour figure). All event recaps →
- FOMC · 2 Nov 2022 -2.48%
- US CPI · 10 Nov 2022 +2.47%
- FOMC · 15 Jun 2022 +2.35%
- US CPI · 13 Oct 2022 +2.23%
- FOMC · 23 Mar 2020 -2.14%