We expect a $360 movement on GBPUSD within 4 hours following the release of Ifo Business Climate.

We expect a $360 movement on GBPUSD within 4 hours following the release of Ifo Business Climate at 24 Sep 08:00. We expect GBPUSD to trend downwards 4 hours following the event release at 24 Sep 08:00 if the released value is < 98.9. A price movement of 36 pips is expected.Historical events that allowed us to draw this conclusion

25 Aug 08:00
26 Apr 08:00
25 Jan 09:00
26 Oct 09:00

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

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