Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect 6E to trend upwards later today. Based on these past events there is a 80% chance of this. We expect 6E to trend upwards 4 hours following the event release at 19 Nov 00:01 if the released value is < -18. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
21 Oct 23:01 |
19 Aug 23:01 |
24 Jun 23:01 |
22 Apr 23:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
