Based on the last 12 Balance of Trade events in Germany, we expect GBPUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 09 Nov 07:00 if the released value is < €19.9B. A price movement of 44 pips is expected. Historical events that allowed us to draw this conclusion

08 Sep 06:00

09 Jul 06:00

09 Jun 06:00

09 Jan 07:00