Based on the last 12 Ifo Business Climate events in Germany, we expect a $220 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend upwards for 2 hours because the released value is > 98.2

Historical events that allowed us to draw this conclusion

26 Mar 09:00

22 Feb 09:00

25 Aug 08:00

27 Jul 08:00

24 Jun 08:00

25 May 08:00