Based on the last 12 GfK Consumer Confidence events in United Kingdom, we expect CC to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect CC to trend downwards 12 hours following the event release at 02 Jul 23:01 if the released value is > -32. A price movement of 8,200 pips is expected.
Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).