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We expect a $1030 movement on GBPUSD within the next 48 hours.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we could see GBPUSD trend upwards right now. Based on historical events there is a 75% chance of this. This may happen because the released value is > 20.5

Historical events that allowed us to draw this conclusion

16 Jan 10:00
12 Dec 10:00
14 Nov 10:00
12 Sep 09:00
15 Aug 09:00
13 Jun 09:00

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

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