Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect EURUSD to trend downwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend downwards 48 hours following the event release at 20 Aug 09:01 if the released value is < -7. A price movement of 75 pips is expected. Historical events that allowed us to draw this conclusion

25 Jun 09:01	23 Oct 10:01
21 Aug 09:01

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