We expect a $190 movement on GBPUSD within 4 hours following the release of Consumer Confidence at 31 Jul 05:00. We expect GBPUSD to trend upwards 4 hours following the event release at 31 Jul 05:00 if the released value is < 38.5. A price movement of 19 pips is expected. Historical events that allowed us to draw this conclusion
31 May 05:00 |
30 Jan 05:00 |
30 Nov 05:00 |
31 Oct 05:00 |
29 Aug 05:00 |
31 Jul 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
