Based on the last 12 NAB Business Confidence events in Australia, we expect a $230 movement on GBPUSD within 4 hours following the event release at 2023-02-14 11:30. We expect GBPUSD to trend upwards 4 hours following the event release at 2023-02-14 11:30 if the released value is > 1

Historical events that allowed us to draw this conclusion

13 Sep 11:30	09 Aug 11:30
12 Apr 11:30	08 Mar 11:30

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