Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect CL to trend downwards. Based on these past events there is a 75% chance of this. We expect CL to trend downwards for 12 hours because the released value is > -29. A price movement of 208 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 |
28 Feb 00:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
