We expect a $50 movement on GBPUSD within 4 hours following the event release at 02 Jul 23:01.

Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect a $50 movement on GBPUSD within 4 hours following the event release at 02 Jul 23:01. We expect GBPUSD to trend downwards 4 hours following the event release at 02 Jul 23:01 if the released value is < -32Historical events that allowed us to draw this conclusion

05 Apr 23:01
29 Aug 23:01

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

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