Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect GBPUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend downwards 4 hours following the event release at 2022-12-16 00:01 if the released value is > -43. A price movement of 17 pips is expected.
Historical events that allowed us to draw this conclusion
20 Oct 23:01 |
21 Jul 23:01 |
17 Dec 00:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
