We expect GBPUSD to trend upwards later today. Based on these past United States ISM Non-Manufacturing PMI news events there is a 75% chance of this. We expect this to happen if the released value is < 59.5. A price movement of 27 pips is expected. Historical events that allowed us to draw this conclusion

07 Jan 02:00	06 May 00:00
04 Mar 02:00

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