Based on the last 12 Industrial Production YoY events in Euro Area, we expect a 66 pip movement on GBPUSD within 4 hours following the event release at 2023-03-15 21:00. We expect GBPUSD to trend downwards 4 hours following the event release at 2023-03-15 21:00 if the released value is > 0.2%

Historical events that allowed us to draw this conclusion

13 Jan 21:00	14 Nov 21:00
12 Aug 19:00	13 Jul 19:00
13 May 19:00

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