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There is a 66.67% chance of CC trending downwards

Based on past United Kingdom GfK Consumer Confidence news events there is a 66.67% chance of CC trending downwards. We expect this to happen if the released value is > -27. A price movement of 8,200 pips is expected.

Historical events that allowed us to draw this conclusion

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

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