Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect S to trend downwards later today. Based on these past events there is a 75% chance of this. We expect S to trend downwards 48 hours following the event release at 2023-01-20 00:01 if the released value is < -40. A price movement of 4712 pips is expected. Historical events that allowed us to draw this conclusion
22 Sep 23:01 |
18 Aug 23:01 |
19 May 23:01 |
22 Apr 02:10 |
25 Mar 00:01 |
21 Jan 00:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
