Based on the last 12 Consumer Confidence events in Switzerland, we expect a 140 pip movement on GBPUSD within 48 hours following the event release at 2022-11-01 19:00. We expect GBPUSD to trend upwards 48 hours following the event release at 2022-11-01 19:00 if the released value is > -48.3

Historical events that allowed us to draw this conclusion

04 Feb 19:00

04 Aug 15:45

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