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Based on the last 12 Ifo Business Climate events in Germany, we expect a 175 pip movement on GBPUSD within 48 hours following the event release at 2022-12-19 09:00. We expect GBPUSD to trend downwards 48 hours following the event release at 2022-12-19 09:00 if the released value is > 87.4
Historical events that allowed us to draw this conclusion
|25 Aug 08:00
|23 May 08:00
|25 Apr 08:00
|22 Feb 09:00
|25 Jan 09:00
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