Based on the last 12 Balance of Trade events in Germany, we expect GBPUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend upwards 2 hours following the event release at 08 Oct 06:00 if the released value is > €14.4B. A price movement of 60 pips is expected.

Historical events that allowed us to draw this conclusion

09 Jun 06:00

07 May 06:00

09 Mar 07:00