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We expect 6E to trend upwards today.

Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect 6E to trend upwards later today. Based on these past events there is a 80% chance of this. We expect 6E to trend upwards 4 hours following the event release at 19 Nov 00:01 if the released value is < -18. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion

21 Oct 23:01
19 Aug 23:01
24 Jun 23:01
22 Apr 23:01

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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