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We expect GBPUSD to trend upwards with a 80% chance.

Based on past Australia NAB Business Confidence news events there is a 80% chance of GBPUSD trending upwards. We expect this to happen because the released value is < 0. A price movement of 63 pips is expected. Historical events that allowed us to draw this conclusion

13 May 01:30
12 Dec 00:30
14 Nov 00:30
13 Jun 01:30

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

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We expect S to trend downwards today with a 75% chance.

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We expect HE to trend upwards today with a 80% chance.

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