Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect GBPUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is > 109

Historical events that allowed us to draw this conclusion

14 Jul 10:30	14 Apr 10:30
10 Feb 10:30	09 Dec 12:30
14 Oct 10:30

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