Based on past Germany Ifo Business Climate news events there is a 71.43% chance of GBPUSD trending upwards. We expect this to happen because the released value is > 92.2. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

27 Jul 08:00

24 Jun 08:00

25 May 08:00

18 Dec 09:00

24 Sep 08:00