Based on the last 12 Business Confidence events in Euro Area, we expect GBPUSD to trend upwards. Based on these past events there is a 77.78% chance of this. We expect GBPUSD to trend upwards for 4 hours because the released value is < -1.24. A price movement of 77 pips is expected. Historical events that allowed us to draw this conclusion

30 Mar 20:00	30 Jan 21:00
08 Jan 21:00	27 Sep 19:00
30 Jul 19:00	27 Jun 19:00
28 May 19:00

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