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