Based on the last 12 Ifo Business Climate events in Germany, we expect GBPUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend upwards 48 hours following the event release at 2025-01-27 09:00 if the released value is > 84.6. A price movement of 80 pips is expected.
Historical events that allowed us to draw this conclusion
26 Aug 08:00 |
24 Apr 08:00 |
22 Mar 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
