Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect a 28 pip movement on GBPUSD within 12 hours following the event release at 2023-01-24 02:00. We expect GBPUSD to trend downwards 12 hours following the event release at 2023-01-24 02:00 if the released value is < -20 Historical events that allowed us to draw this conclusion

21 Dec 02:00	23 Sep 00:00
21 Jul 00:00	23 Jun 00:00
24 Mar 02:00

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