Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a 16 pip movement on GBPUSD within 2 hours following the event release at 2022-10-21 10:01. We expect GBPUSD to trend upwards 2 hours following the event release at 2022-10-21 10:01 if the released value is > -52

Historical events that allowed us to draw this conclusion

17 Dec 11:01

19 Nov 11:01

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