Based on the last 12 Ifo Business Climate events in Germany, we expect GBPUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 25 Jan 09:00 if the released value is < 94.7. A price movement of 36 pips is expected. Historical events that allowed us to draw this conclusion

17 Dec 09:00

24 Nov 09:00

24 Sep 08:00

26 Apr 08:00

25 Jan 09:00