Based on the last 12 Ifo Business Climate events in Germany, we expect GBPUSD to trend upwards. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards for 2 hours because the released value is > 89.3. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

24 Jun 08:00

25 May 08:00

18 Dec 09:00

24 Sep 08:00