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We expect GBPUSD to trend downwards today with a 71.43% chance.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 153 pip movement on GBPUSD within 12 hours following the event release at 2022-08-16 09:00. We expect GBPUSD to trend downwards 12 hours following the event release at 2022-08-16 09:00 if the released value is < -53.8 Historical events that allowed us to draw this conclusion

14 Jun 09:00
15 Mar 10:00
15 Feb 10:00
07 Sep 09:00
10 Aug 09:00

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

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There is a 71.43% chance of UB trending downwards

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