We expect GBPUSD to trend upwards for the next 12 hours. Based on these past Switzerland Consumer Confidence news events there is a 66.67% chance of this. We expect this to happen because the released value is < 4.5. A price movement of 148 pips is expected. Historical events that allowed us to draw this conclusion

04 May 17:00	05 Nov 17:45
15 Apr 19:30	03 May 15:45

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