Based on the last 12 Ifo Business Climate events in Germany, we expect GBPUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend upwards 4 hours following the event release at 2025-04-24 08:00 if the released value is > 85.2. A price movement of 45 pips is expected.
Historical events that allowed us to draw this conclusion
27 Jan 09:00 |
25 Oct 08:00 |
24 Apr 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
