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

Based on the last 12 GfK Consumer Confidence events in United Kingdom, S could trend upwards later today. Based on these past events there is a 66.67% chance of this. If the released value is > -40 we could see S trend upwards 48 hours following the event release at 23 Jun 23:01.

Historical events that allowed us to draw this conclusion

17 Dec 00:01
19 Nov 00:01
22 Jul 23:01

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

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We expect GBPUSD to trend downwards today.

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