Based on past Germany Markit Manufacturing PMI Flash news events there is a 70% chance of GBPUSD trending upwards. We expect this to happen if the released value is > 57.5. A price movement of 94 pips is expected.

Historical events that allowed us to draw this conclusion

16 Dec 19:30	23 Nov 19:30
23 Oct 18:30	23 Sep 17:30
24 Jul 17:30	24 Mar 19:30
21 Feb 19:30

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