Based on the last 12 NAB Business Confidence events in Australia, we expect a $690 movement on GBPUSD within 12 hours following the event release at 08 Sep 11:30. We expect GBPUSD to trend upwards 12 hours following the event release at 08 Sep 11:30 if the released value is > -18

Historical events that allowed us to draw this conclusion

12 May 11:30

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