Based on past Euro Area Business Confidence news events there is a 66.67% chance of GBPUSD trending downwards. We expect this to happen because the released value is > -3. A price movement of 113 pips is expected.

Historical events that allowed us to draw this conclusion

27 Feb 21:00

29 Aug 19:00

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