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We expect GBPUSD to trend upwards today with a 75% chance.

Based on the last 12 Industrial Production YoY events in Euro Area, we expect GBPUSD to trend upwards later today. Based on these past events there is a 75% chance of this. This will happen if the released value is < -1.3% Historical events that allowed us to draw this conclusion

14 Aug 09:00
13 Feb 10:00
14 Jan 10:00

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

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