Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect a 63 pip movement on GBPUSD for the next 12 hours. We expect GBPUSD to trend upwards for 12 hours because the released value is > 12

Historical events that allowed us to draw this conclusion

17 Jan 00:30	19 Sep 22:30
18 Jul 22:30

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