We expect GBPUSD to trend upwards later today. Based on these past Australia NAB Business Confidence news events there is a 66.67% chance of this. We expect this to happen if the released value is > 18. A price movement of 114 pips is expected.

Historical events that allowed us to draw this conclusion

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”).