Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect GBPUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend upwards 2 hours following the event release at 22 Apr 07:30 if the released value is < 54.5. A price movement of 25 pips is expected. Historical events that allowed us to draw this conclusion

21 Feb 08:30

23 Sep 07:30

21 May 07:30