Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 20 May 12:30 if the released value is > 43. A price movement of 50 pips is expected.

Historical events that allowed us to draw this conclusion

15 Apr 12:30

18 Mar 12:30

18 Feb 13:30

19 Nov 13:30

15 Oct 12:30

18 Jun 12:30