United Kingdom GfK Consumer Confidence News Event – a possible $140 movement on GBPUSD

Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a $140 movement on GBPUSD within 2 hours following the event release at 22 Jul 23:01. We expect GBPUSD to trend downwards 2 hours following the event release at 22 Jul 23:01 if the released value is > -8

Historical events that allowed us to draw this conclusion

20 May 23:01
19 Mar 00:01
19 Feb 00:01
22 Jan 00:01
18 Dec 00:01