Based on the last 12 Business Confidence events in Euro Area, we expect GBPUSD to trend downwards. Based on these past events there is a 77.78% chance of this. We expect GBPUSD to trend downwards for 48 hours because the released value is < -0.16. A price movement of 68 pips is expected. Historical events that allowed us to draw this conclusion

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