Based on the last 12 GfK Consumer Confidence events in United Kingdom, we could expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 48 hours following the event release at 23 Jun 23:01 if the released value is > -40. A price movement of 115 pips could result.
Historical events that allowed us to draw this conclusion
17 Dec 00:01 |
19 Nov 00:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
