12 pip movement on GBPUSD expected

Based on the last 12 Ifo Business Climate events in Germany, we expect a 12 pip movement on GBPUSD within 2 hours following the event release at 18 Dec 09:00 GMT. We expect GBPUSD to trend upwards 2 hours following the event release at 18 Dec 09:00 GMT if the released value is > 101.8

Historical events that allowed us to draw this conclusion

24 Sep 09:00
27 Aug 09:00
25 Jul 09:00
25 Jan 09:00

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

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