Based on the last 12 Balance of Trade events in Germany, we expect a $400 movement on GBPUSD within 2 hours following the event release at 07 May 06:00. We expect GBPUSD to trend downwards 2 hours following the event release at 07 May 06:00 if the released value is > €17.6B

Historical events that allowed us to draw this conclusion

09 Nov 07:00

07 Aug 06:00

08 May 06:00