Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $100 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend upwards for 2 hours because the released value is < 78 Historical events that allowed us to draw this conclusion

11 Mar 10:30	22 Jan 10:30
11 Dec 10:30	09 Oct 11:30

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