Based on the last 12 ISM Non-Manufacturing PMI events in United States, 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 05 May 14:00 if the released value is < 64.3. A price movement of 29 pips is expected. Historical events that allowed us to draw this conclusion

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