Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect BP to trend downwards later today. Based on these past events there is a 80% chance of this. We expect BP to trend downwards 2 hours following the event release at 26 Sep 23:01 if the released value is > -14. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jul 23:01 |
30 May 23:01 |
28 Feb 00:01 |
31 Jan 00:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
