We expect a $240 movement on GBPUSD within 2 hours following the release of Industrial Production YoY at 2023-05-15 19:00. We expect GBPUSD to trend upwards 2 hours following the event release at 2023-05-15 19:00 if the released value is < 0.9%. A price movement of 24 pips is expected. Historical events that allowed us to draw this conclusion

14 Sep 19:00

15 Jun 19:00

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