Based on the last 12 RBA Interest Rate Decision events in Australia, we expect GBPUSD to trend downwards later today. Based on these past events there is a 70% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 2022-07-05 14:30 if the released value is = 1.35%. A price movement of 91 pips is expected.

Historical events that allowed us to draw this conclusion

05 Apr 14:30	01 Mar 14:30
07 Dec 14:30	02 Nov 14:30
07 Sep 14:30	06 Jul 14:30
01 Jun 14:30

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