We expect GBPUSD to trend downwards later today. Based on these past Germany ZEW Economic Sentiment Index news events there is a 75% chance of this. We expect this to happen if the released value is < 41.7. A price movement of 61 pips is expected. Historical events that allowed us to draw this conclusion

13 Oct 20:00	14 Jul 19:00
17 Mar 21:00

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