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. We expect GBPUSD to trend upwards 12 hours following the event release at 2023-02-22 20:00 if the released value is < 91.2. A price movement of 50 pips is expected. Historical events that allowed us to draw this conclusion

25 Jul 18:00	24 Jun 18:00
25 Mar 20:00

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