Based on the last 12 Industrial Production YoY events in Euro Area, 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 < -2.3% Historical events that allowed us to draw this conclusion

14 Oct 20:00

12 Sep 19:00

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