Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect MW to trend downwards. Based on these past events there is a 66.67% chance of this. We expect MW to trend downwards for 12 hours because the released value is < -12. A price movement of 700 pips is expected. Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
