Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect GBPUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. This may happen if the released value is > -31

Historical events that allowed us to draw this conclusion

03 Jul 09:01	22 May 09:01
24 Apr 09:01	31 Mar 10:01
28 Feb 11:01

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