Based on the last 12 ISM Manufacturing PMI events in United States, we expect a 103 pip movement on GBPUSD within 12 hours following the event release at 2022-12-02 02:00. We expect GBPUSD to trend upwards 12 hours following the event release at 2022-12-02 02:00 if the released value is < 49.8 Historical events that allowed us to draw this conclusion

04 Oct 01:00	02 Jul 00:00
02 Apr 01:00	05 Jan 02:00

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