Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $600 movement on GBPUSD within 4 hours following the event release at 2022-10-12 20:00. We expect GBPUSD to trend downwards 4 hours following the event release at 2022-10-12 20:00 if the released value is > 1.2%

Historical events that allowed us to draw this conclusion

12 Aug 19:00	13 Jul 19:00
13 May 19:00	16 Feb 21:00
14 Dec 21:00	13 Oct 20:00

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