We expect GBPUSD to trend downwards later today. Based on these past Germany ZEW Economic Sentiment Index news events there is a 66.67% chance of this. We expect this to happen if the released value is > 79. A price movement of 131 pips is expected.

Historical events that allowed us to draw this conclusion

16 Feb 21:00	08 Dec 21:00
11 Aug 19:00	16 Jun 19:00
19 May 19:00	21 Apr 19:00

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