We expect GBPUSD to trend downwards for the next 12 hours.

Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect GBPUSD to trend downwards for the next 12 hours. Based on these past events there is a 66.67% chance of this. This may happen because the released value is > 20

Historical events that allowed us to draw this conclusion

16 Sep 12:30

15 Apr 12:30

18 Mar 12:30

18 Feb 13:30

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