United States Retail Sales MoM News Event – a possible $330 movement on GBPUSD

Based on the last 12 Retail Sales MoM events in United States, we expect a $330 movement on GBPUSD within 2 hours following the event release at 17 Feb 13:30. We expect GBPUSD to trend downwards 2 hours following the event release at 17 Feb 13:30 if the released value is > 1.1%

Historical events that allowed us to draw this conclusion

16 Oct 12:30
16 Jun 12:30