Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect GBPUSD to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is < -17.7 Historical events that allowed us to draw this conclusion

23 Oct 01:00	23 Apr 00:00
24 Jan 02:00	21 Dec 02:00

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