Based on the last 12 ZEW Economic Sentiment Index events in Germany, we expect a 26 pip movement on GBPUSD within 2 hours following the event release at 18 Jan 10:00 UTC. We expect GBPUSD to trend downwards 2 hours following the event release at 18 Jan 10:00 UTC if the released value is > 32

Historical events that allowed us to draw this conclusion

07 Dec 10:00

09 Nov 10:00

11 May 09:00

16 Feb 10:00