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 66.67% chance of this. We expect EURUSD to trend downwards 4 hours following the event release at 03 Jul 09:01 if the released value is < -32. A price movement of 14 pips is expected. Historical events that allowed us to draw this conclusion

06 Apr 09:01

30 Aug 09:01

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