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We expect GBPUSD to trend upwards right now.

Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect GBPUSD to trend upwards right now. Based on these past events there is a 80% chance of this. This will happen because the released value is < 101 Historical events that allowed us to draw this conclusion

12 Mar 23:30
16 Jan 00:30
09 Oct 23:30
12 Sep 00:30

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

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