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There is a 75% chance of KC trending upwards

Based on past United Kingdom GfK Consumer Confidence news events there is a 75% chance of KC trending upwards. We expect this to happen if the released value is < -12. A price movement of 217 pips is expected. Historical events that allowed us to draw this conclusion

27 Jun 23:01
29 Apr 23:01
27 Sep 23:01

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

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We expect a $10.138 movement on USDCHF within 2 hours following the event release at 29 Aug 23:01.

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We expect NZDUSD to trend upwards today with a 80% chance.

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