We expect a $1,250 movement on GBPUSD within 48 hours following the release of Michigan Consumer Sentiment Prel at 18 Jul 00:00. We expect GBPUSD to trend upwards 48 hours following the event release at 18 Jul 00:00 if the released value is > 79. A price movement of 125 pips is expected.

Historical events that allowed us to draw this conclusion

13 Jun 00:00	16 May 00:00
07 Dec 02:00

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