Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a $140 movement on GBPUSD within 2 hours following the event release at 06 Jul 19:00. We expect GBPUSD to trend downwards 2 hours following the event release at 06 Jul 19:00 if the released value is < 75.2 Historical events that allowed us to draw this conclusion

08 Jun 19:00	13 Apr 19:00
13 Oct 20:00	14 Jul 19:00

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