United Kingdom GfK Consumer Confidence News Event – a possible $40 movement on GBPUSD

Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a $40 movement on GBPUSD within 2 hours following the event release at 25 Mar 00:01. We expect GBPUSD to trend downwards 2 hours following the event release at 25 Mar 00:01 if the released value is < -30 Historical events that allowed us to draw this conclusion

21 Jan 00:01
21 Oct 23:01
19 Aug 23:01
24 Jun 23:01
22 Apr 23:01