Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $330 movement on GBPUSD within 2 hours following the event release at 12 Aug 09:00. We expect GBPUSD to trend downwards 2 hours following the event release at 12 Aug 09:00 if the released value is < 10.4% Historical events that allowed us to draw this conclusion

12 May 09:00

14 Apr 09:00

12 Nov 10:00

12 Aug 09:00