Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect GBPUSD to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < 56.7 Historical events that allowed us to draw this conclusion

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

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