Based on past Euro Area ECB Interest Rate Decision news events there is a 66.67% chance of GBPUSD trending upwards. A price movement of 74 could occur if the released value is = 0%.

Historical events that allowed us to draw this conclusion

03 Feb 23:45	28 Oct 22:45
09 Sep 21:45	22 Jul 21:45
10 Jun 21:45	11 Mar 23:45
21 Jan 23:45	10 Dec 23:45

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