We expect GBPUSD to trend downwards later today. Based on these past Germany ZEW Economic Sentiment Index news events there is a 83.33% chance of this. We expect this to happen if the released value is < 55. A price movement of 52 pips is expected. Historical events that allowed us to draw this conclusion

12 Oct 20:00	07 Sep 19:00
10 Aug 19:00	06 Jul 19:00
13 Apr 19:00

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