Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect GBPUSD to trend upwards later today. Based on these past events there is a 70% chance of this. We expect GBPUSD to trend upwards 2 hours following the event release at 23 Jul 07:30 if the released value is > 64.2. A price movement of 37 pips is expected.

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