Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect NE to trend upwards later today. Based on these past events there is a 75% chance of this. We expect NE to trend upwards 48 hours following the event release at 20 Nov 00:01 if the released value is < -34. A price movement of 0 pips is expected. Historical events that allowed us to draw this conclusion
22 Oct 23:01 |
23 Jul 23:01 |
05 Apr 23:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
