Based on the last 12 Ifo Business Climate events in Germany, we expect a $1,360 movement on GBPUSD within 2 hours following the event release at 27 Jul 08:00. We expect GBPUSD to trend upwards 2 hours following the event release at 27 Jul 08:00 if the released value is < 89.3 Historical events that allowed us to draw this conclusion

24 Apr 08:00

27 Jan 09:00