Based on the last 12 Balance of Trade events in United Kingdom, we expect GBPUSD to trend downwards. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards for 2 hours because the released value is < £-2.2B. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion

12 Feb 18:00	15 Jan 18:00
10 Dec 18:00	13 May 16:00

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