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We expect ED to trend downwards for the next 48 hours.

We expect ED to trend downwards for the next 48 hours. Based on these past United Kingdom GfK Consumer Confidence news events there is a 66.67% chance of this. We expect this to happen because the released value is > -8. A price movement of 2 pips is expected.

Historical events that allowed us to draw this conclusion

20 Dec 00:01
29 Mar 00:01
28 Feb 00:01

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

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We expect GI to trend downwards today.

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