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We expect GBPUSD to trend downwards later today. Based on these past Euro Area Industrial Production YoY news events there is a 71.43% chance of this. We expect this to happen if the released value is > 0.2%. A price movement of 66 pips is expected.

Historical events that allowed us to draw this conclusion

13 Jan 10:00

14 Nov 10:00

12 Aug 09:00

13 Jul 09:00

13 May 09:00

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