TradersNews 75% probability that GBPUSD will trend down on Monday 26 Jul at 08:00 AM GMT if the DE Ifo Business Climate number is less than 102.1.

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This Monday 26 Jul at 08:00 AM GMT the latest DE Ifo Business Climate number will be released.
If the number is less than than economists’ consensus there is a 75% probability that GBPUSD will trend down following the news event.

This probability is based on the last 12 DE Ifo Business Climate events, in which 3 of the last 4 events where the actual number was less than than the economist consensus resulted in an down trend of GBPUSD.

Here are images of the past events:

Monday 26 Apr at 08:00 AM GMT:

Monday 25 Jan at 09:00 AM GMT:

Monday 26 Oct at 09:00 AM GMT:

Disclaimer: Past performance may not be indicative of future performance