Based on the last 12 Balance of Trade events in Germany, we expect a 46 pip movement on GBPUSD within 4 hours following the event release at 09 Sep 16:00 GMT+10. We expect GBPUSD to trend upwards 4 hours following the event release at 09 Sep 16:00 GMT+10 if the released value is > €21.1B

Historical events that allowed us to draw this conclusion

09 Jun 16:00	07 May 16:00
09 Mar 18:00

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