Based on the last 12 Balance of Trade events in Germany, we expect GBPUSD to trend downwards right now. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend downwards for the next 2 hours because the released value is > €17.6B. A price movement of 40 pips is expected.

Historical events that allowed us to draw this conclusion

09 Nov 07:00

07 Aug 06:00

08 May 06:00