Based on past Australia Westpac Consumer Confidence Index news events there is a 75% chance of GBPUSD trending upwards. We expect this to happen because the released value is < 117. A price movement of 62 pips is expected. Historical events that allowed us to draw this conclusion

20 Jan 10:30	11 Nov 10:30
15 Jul 10:30

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