We expect a $640 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend upwards 48 hours following the Markit Manufacturing PMI Flash events in Germany release because the released value is < 54.5. A price movement of 64 pips is expected. Historical events that allowed us to draw this conclusion

23 Sep 17:30

23 Aug 17:30

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