Based on the last 12 Ifo Business Climate events in Germany, we expect GBPUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards 2 hours following the event release at 24 Sep 08:00 if the released value is < 98.9. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion

25 Aug 08:00

26 Jul 08:00

26 Oct 09:00

24 Sep 08:00