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We expect GBPUSD to trend downwards with a 71.43% chance.

Based on the last 12 Michigan Consumer Sentiment Prel events in United States, GBPUSD could experience an downwards trend. Based on these past events there is a 71.43% chance of this, and the trend could last 2 hours because the released value is < 72. Historical events that allowed us to draw this conclusion

10 May 14:00
15 Mar 14:00
10 Nov 15:00
13 Oct 14:00
15 Sep 14:00

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

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