There is a 87.5% chance of BP trending downwards

Based on past United Kingdom GfK Consumer Confidence news events there is a 87.5% chance of BP trending downwards. We expect this to happen if the released value is > -29. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

18 Dec 00:01
24 Sep 23:01
02 Jul 23:01
21 May 23:01
23 Apr 23:01
30 Mar 23:01
28 Feb 00:01

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

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