Based on the last 12 Ifo Business Climate 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 > 85.2
Historical events that allowed us to draw this conclusion
27 Mar 08:00 |
24 Nov 09:00 |
25 Oct 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
