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GBPUSD could trend downwards today with a 71.43% chance.

Based on the last 12 ZEW Economic Sentiment Index events in Germany, GBPUSD could trend downwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is < -27.5 Historical events that allowed us to draw this conclusion

15 Mar 10:00
15 Feb 10:00
07 Sep 09:00
10 Aug 09:00
06 Jul 09:00

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

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