Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect GBPUSD to trend downwards later today. Based on these past events there is a 77.78% chance of this. This may happen if the released value is < 85 Historical events that allowed us to draw this conclusion

15 Jun 10:30	11 May 10:30
09 Mar 10:30	09 Feb 10:30
19 Jan 10:30	15 Dec 10:30
13 Oct 11:30

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