Based on the last 12 Industrial Production YoY events in Euro Area, we expect a 18 pip movement on GBPUSD within 2 hours following the event release at 12 Aug 19:00 GMT+10. We expect GBPUSD to trend downwards 2 hours following the event release at 12 Aug 19:00 GMT+10 if the released value is < -11.5% Historical events that allowed us to draw this conclusion

14 Jul 19:00	14 Oct 20:00
12 Sep 19:00

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