We expect GBPUSD to trend upwards later today. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 75% chance of this. We expect this to happen if the released value is > 76.5. A price movement of 125 pips is expected.

Historical events that allowed us to draw this conclusion

17 Oct 01:00	15 Aug 00:00
13 Jun 00:00	16 May 00:00
07 Dec 02:00

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