Based on the last 12 Consumer Confidence Flash events in Euro Area, GBPUSD could trend upwards later today. Based on these past events there is a 71.43% chance of this. If the released value is < -20.5 we could see GBPUSD trend upwards 4 hours following the event release at 23 Jun 00:00. Historical events that allowed us to draw this conclusion

24 Mar 02:00	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”).