8 pip movement on GBPUSD expected
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 > 105Historical events that allowed us…