Based on the last 12 Ifo Business Climate events in Germany, we expect GBPUSD to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 98.2

Historical events that allowed us to draw this conclusion

26 Mar 09:00

22 Feb 09:00

25 Aug 08:00

27 Jul 08:00

24 Jun 08:00

25 May 08:00