Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards 4 hours following the event release at 13 Mar 02:00 if the released value is > 78.5. A price movement of 160 pips is expected.

Historical events that allowed us to draw this conclusion

19 Sep 00:00	15 Aug 00:00
13 Jun 00:00	16 May 00:00
14 Mar 01:00

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