17 pip movement on USDCHF expected

Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a 17 pip movement on USDCHF within 12 hours following the event release at 25 Mar 11:01 GMT+11. We expect USDCHF to trend upwards 12 hours following the event release at 25 Mar 11:01 GMT+11 if the released value is > -30

Historical events that allowed us to draw this conclusion

17 Dec 11:01
19 Nov 11:01
23 Jul 09:01
19 Mar 11:01

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).