Based on the last 12 ISM Manufacturing PMI events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 2022-09-02 00:00 if the released value is > 52. A price movement of 57 pips is expected.

Historical events that allowed us to draw this conclusion

02 Aug 00:00	02 Jun 00:00
02 Mar 02:00	02 Dec 02:00
02 Nov 01:00	02 Sep 00:00

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