Based on the last 12 Balance of Trade events in United Kingdom, we expect GBPUSD to trend upwards. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend upwards for 12 hours because the released value is < £-3.7B. A price movement of 30 pips is expected. Historical events that allowed us to draw this conclusion

13 Oct 17:00	10 Sep 16:00
13 Apr 16:00

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