Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a 26 pip movement on GBPUSD for the next 2 hours. We expect GBPUSD to trend upwards for 2 hours because the released value is < -12.9 Historical events that allowed us to draw this conclusion

22 Dec 02:00	23 Nov 02:00
24 Aug 00:00	23 Jun 00:00

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