Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a $370 movement on GBPUSD within 2 hours following the event release at 21 May 07:30. We expect GBPUSD to trend upwards 2 hours following the event release at 21 May 07:30 if the released value is > 65.9

Historical events that allowed us to draw this conclusion

24 Mar 08:30

19 Feb 08:30

16 Dec 08:30

23 Nov 08:30

23 Oct 07:30

23 Sep 07:30

24 Jul 07:30