We expect GBPUSD to trend downwards later today. Based on these past Australia RBA Interest Rate Decision news events there is a 77.78% chance of this. We expect this to happen if the released value is = 2.85%. A price movement of 170 pips is expected.

Historical events that allowed us to draw this conclusion

06 Sep 14:30	02 Aug 14:30
05 Jul 14:30	05 Apr 14:30
01 Mar 14:30	07 Dec 14:30
05 Oct 14:30

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