Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a 29 pip movement on GBPUSD within 2 hours following the event release at 19 Feb 08:30 UTC. We expect GBPUSD to trend upwards 2 hours following the event release at 19 Feb 08:30 UTC if the released value is < 56.5 Historical events that allowed us to draw this conclusion

21 May 07:30

23 Apr 07:30