Based on past Australia Westpac Consumer Confidence Index news events there is a 80% chance of GBPUSD trending upwards. We expect this to happen if the released value is > 99.2. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

15 Sep 10:30	14 Jul 10:30
14 Apr 10:30	10 Feb 10:30

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