Based on past United States Michigan Consumer Sentiment Prel news events there is a 71.43% chance of GBPUSD trending downwards. We expect this to happen if the released value is > 72. A price movement of 80 pips is expected.

Historical events that allowed us to draw this conclusion

13 Jun 00:00	16 May 00:00
14 Mar 01:00	12 Oct 01:00

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