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80 pip movement on GBPUSD expected

Based on the last 12 Philadelphia Fed Manufacturing Index events in United States, we expect a 80 pip movement on GBPUSD within 2 hours following the event release at 2023-04-20 12:30. We expect GBPUSD to trend upwards 2 hours following the event release at 2023-04-20 12:30 if the released value is < -19.2 Historical events that allowed us to draw this conclusion

16 Mar 12:30
17 Nov 13:30
20 Oct 12:30
15 Sep 12:30
16 Jun 12:30
19 May 12:30
21 Apr 12:30