Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $150 movement on GBPUSD within 2 hours following the event release at 12 Aug 10:30. We expect GBPUSD to trend downwards 2 hours following the event release at 12 Aug 10:30 if the released value is > 87

Historical events that allowed us to draw this conclusion

11 Sep 10:30

14 Aug 10:30

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