Based on the last 12 Industrial Production YoY events in Euro Area, we may expect GBPUSD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We made this conclusion because because the released value is > 1.5%. A price movement of 14 pips may be experienced.

Historical events that allowed us to draw this conclusion

16 Feb 21:00	14 Dec 21:00
13 Oct 20:00	15 Sep 19:00

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