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We expect GBPUSD to trend downwards right now.

Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we could see GBPUSD trend downwards right now. Based on historical events there is a 87.5% chance of this. This may happen because the released value is < 53.4 Historical events that allowed us to draw this conclusion

11 Apr 14:00
14 Mar 14:00
07 Feb 15:00
10 Jan 15:00
11 Oct 14:00
12 Jul 14:00
10 May 14:00

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

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