We expect GBPUSD to trend downwards later today. Based on these past Euro Area Consumer Confidence Flash news events there is a 71.43% chance of this. We expect this to happen if the released value is < -8.2. A price movement of 49 pips is expected. Historical events that allowed us to draw this conclusion

21 Dec 02:00	23 Aug 00:00
24 Apr 00:00

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