We expect a 54 pip movement on GBPUSD within 4 hours following the event release.

Based on the last 12 ISM Manufacturing PMI events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 46.8

Historical events that allowed us to draw this conclusion

01 Nov 14:00

01 Aug 14:00

01 Jun 14:00

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