Based on the last 12 ISM Manufacturing PMI events in United States, 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 03 May 14:00 if the released value is < 65. A price movement of 43 pips is expected. Historical events that allowed us to draw this conclusion

01 Dec 15:00

01 Oct 14:00

01 Jun 14:00