Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a 9 pip movement on USDCHF within 2 hours following the event release at 23 Oct 10:01 GMT+11. We expect USDCHF to trend downwards 2 hours following the event release at 23 Oct 10:01 GMT+11 if the released value is < -28 Historical events that allowed us to draw this conclusion

21 Aug 09:01

24 Jul 09:01

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