Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a $1,610 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend downwards for the next 48 hours because the released value is > 105

Historical events that allowed us to draw this conclusion

14 Oct 10:30	09 Sep 10:30
10 Jun 10:30	13 May 10:30

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