Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 48 hours following the event release at 07 Jan 02:00 if the released value is < 66.9. A price movement of 142 pips is expected. Historical events that allowed us to draw this conclusion

07 Jul 00:00

04 Mar 02:00

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