Based on the last 12 Industrial Production YoY events in Euro Area, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is < 6.3% Historical events that allowed us to draw this conclusion

12 Aug 19:00	12 May 19:00
14 Apr 19:00	12 Nov 21:00

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