103 pip movement on GBPUSD expected

Based on the last 12 ISM Manufacturing PMI events in United States, we expect GBPUSD to trend upwards later today. Based on these past events there is a 85.71% chance of this. This may happen if the released value is < 47 Historical events that allowed us to draw this conclusion

04 Apr 00:00
02 Mar 02:00
02 Feb 02:00
05 Jan 02:00
04 Oct 01:00
02 Jul 00:00

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