We expect a 80 pip movement on GBPUSD within 2 hours following the event release.

Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect GBPUSD to trend upwards later today. Based on these past events there is a 70% chance of this. This may happen if the released value is < -19.2 Historical events that allowed us to draw this conclusion

16 Mar 12:30

17 Nov 13:30

20 Oct 12:30

15 Sep 12:30

16 Jun 12:30

19 May 12:30

21 Apr 12:30

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