Based on the last 12 NAB Business Confidence events in Australia, we expect a $1,140 movement on GBPUSD within 48 hours following the event release at 13 Jul 11:30. We expect GBPUSD to trend upwards 48 hours following the event release at 13 Jul 11:30 if the released value is > 19

Historical events that allowed us to draw this conclusion

10 May 11:30	09 Mar 11:30
09 Feb 11:30	08 Dec 11:30
10 Nov 11:30	14 Jul 11:30

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