Based on the last 12 Balance of Trade events in United States, 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 2 hours following the event release at 08 Feb 13:30 if the released value is > $-83B. A price movement of 25 pips is expected.

Historical events that allowed us to draw this conclusion

02 Sep 12:30

02 Jul 12:30

04 May 12:30