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There is a 66.67% chance of LE trending upwards

Based on past United Kingdom GfK Consumer Confidence news events there is a 66.67% chance of LE trending upwards. We expect this to happen if the released value is < -28. A price movement of 8 pips is expected. Historical events that allowed us to draw this conclusion

20 Aug 23:01
23 Jul 23:01
05 Apr 23:01

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

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