Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect EURUSD to trend downwards later today. Based on these past events there is a 85.71% chance of this. We expect EURUSD to trend downwards 48 hours following the event release at 31 Jan 11:01 if the released value is > -9. A price movement of 76 pips is expected.
Historical events that allowed us to draw this conclusion
20 Dec 11:01 |
27 Sep 09:01 |
31 Jul 09:01 |
29 Mar 11:01 |
28 Feb 11:01 |
31 Jan 11:01 |