GBPUSD will trend downwards right now

Past performance is not an indicator of future results.
We expect GBPUSD to trend downwards for the next 48 hours. Based on these past Euro Area Consumer Confidence Flash news events there is a 66.67% chance of this. We expect this to happen because the released value is > -7.8. A price movement of 82 pips is expected.

Historical events that allowed us to draw this conclusion

23 Oct 15:00
20 Apr 15:00

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

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