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 66.67% chance of this. We expect this to happen because the released value is < 10.4%. A price movement of 33 pips is expected. Historical events that allowed us to draw this conclusion

12 May 09:00

14 Apr 09:00

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12 Aug 09:00