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”).