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We expect GBPUSD to trend downwards today.

Based on the last 12 GfK Consumer Confidence events in United Kingdom, we could expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 48 hours following the event release at 23 Jun 23:01 if the released value is > -40. A price movement of 115 pips could result.

Historical events that allowed us to draw this conclusion

17 Dec 00:01
19 Nov 00:01

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

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A final push possible on NZD/USD as it starts approaching a price line of 0.6237.

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We expect S to trend upwards today with a 66.67% chance.

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