We expect GBPUSD to trend downwards for the next 2 hours. Based on these past Euro Area Industrial Production YoY news events there is a 75% chance of this. We expect this to happen because the released value is < 0.8%. A price movement of 13 pips is expected. Historical events that allowed us to draw this conclusion

15 Jun 09:00

15 Mar 10:00

12 Jan 10:00