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We expect GBPUSD to trend upwards today with a 80% chance.

We expect GBPUSD to trend upwards later today. Based on these past United States ISM Manufacturing PMI news events there is a 80% chance of this. We expect this to happen if the released value is > 51.1. A price movement of 29 pips is expected.

Historical events that allowed us to draw this conclusion

01 Apr 14:00
01 Feb 15:00
03 Dec 15:00
04 Sep 14:00

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

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