Based on the last 12 Retail Sales MoM events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect GBPUSD to trend downwards 4 hours following the event release at 2022-08-17 22:30 if the released value is < 0.1%. A price movement of 49 pips is expected. Historical events that allowed us to draw this conclusion

15 Jun 22:30	14 Apr 22:30
15 Jan 00:30	16 Dec 00:30
17 Aug 22:30

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