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Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a $1,270 movement on GBPUSD within 12 hours following the event release at 21 Aug 09:01. We expect GBPUSD to trend downwards 12 hours following the event release at 21 Aug 09:01 if the released value is > -25
Historical events that allowed us to draw this conclusion
03 Jul 09:01 |
22 May 09:01 |
24 Apr 09:01 |
31 Mar 10:01 |
28 Feb 11:01 |
27 Sep 09:01 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).