Based on the last 12 Westpac Consumer Confidence Index events in Australia, we expect a 8 pip movement on GBPUSD within 2 hours following the event release at 14 Jul 00:30 UTC. We expect GBPUSD to trend downwards 2 hours following the event release at 14 Jul 00:30 UTC if the released value is > 105

Historical events that allowed us to draw this conclusion

09 Mar 23:30

09 Feb 23:30

13 Oct 23:30

09 Sep 00:30