We expect a $320 movement on GBPUSD within 2 hours following the release of Michigan Consumer Sentiment Prel at 15 May 14:00. We expect GBPUSD to trend downwards 2 hours following the event release at 15 May 14:00 if the released value is < 68. A price movement of 32 pips is expected. Historical events that allowed us to draw this conclusion

09 Apr 14:00

08 Nov 15:00

16 Aug 14:00

19 Jul 14:00

14 Jun 14:00