Based on the last 12 Ifo Business Climate events in Germany, we expect a $190 movement on GBPUSD within 2 hours following the event release at 18 Dec 20:00. We expect GBPUSD to trend upwards 2 hours following the event release at 18 Dec 20:00 if the released value is > 90

Historical events that allowed us to draw this conclusion

25 Aug 18:00	27 Jul 18:00
24 Jun 18:00	25 May 18:00
18 Dec 20:00

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