We expect BO to trend downwards later today. Based on these past United Kingdom GfK Consumer Confidence news events there is a 71.43% chance of this. We expect this to happen if the released value is > -15. A price movement of 80 pips is expected.
Historical events that allowed us to draw this conclusion
17 Dec 00:01 |
19 Nov 00:01 |
20 May 23:01 |
19 Mar 00:01 |
22 Jan 00:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
