Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 04 Sep 00:00 if the released value is > 57. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

06 Aug 00:00	07 Jul 00:00
06 May 00:00	04 Apr 01:00
06 Nov 02:00	06 Sep 00:00

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