Based on the last 12 Business Confidence events in Euro Area, we expect a $220 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend downwards for 12 hours because the released value is > -0.28

Historical events that allowed us to draw this conclusion

29 Aug 19:00

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