Based on past Australia Westpac Consumer Confidence Index news events there is a 66.67% chance of GBPUSD trending upwards. We expect this to happen because the released value is < 96. A price movement of 10 pips is expected. Historical events that allowed us to draw this conclusion

11 Mar 10:30	22 Jan 10:30
11 Dec 10:30	09 Oct 11:30

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