Based on past Australia Westpac Consumer Confidence Index news events there is a 66.67% chance of GBPUSD trending upwards. We expect this to happen because the released value is > 82. A price movement of 13 pips is expected.

Historical events that allowed us to draw this conclusion

13 Apr 10:30

15 Sep 10:30

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