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We expect GBPUSD to trend downwards today with a 66.67% chance.

Based on the last 12 Michigan Consumer Sentiment Prel events in United States, GBPUSD could trend downwards later today. Based on these past events there is a 66.67% chance of this. If the released value is < 64 we could see GBPUSD trend downwards 12 hours following the event release at 13 May 14:00. Historical events that allowed us to draw this conclusion

11 Mar 15:00
11 Feb 15:00
14 Jan 15:00
17 Sep 14:00
16 Jul 14:00
14 May 14:00

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

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There is a 66.67% chance of BP trending downwards

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