Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 20 May 12:30 if the released value is < 43. A price movement of 12 pips is expected. Historical events that allowed us to draw this conclusion

17 Dec 13:30

20 Aug 12:30