We expect GBPUSD to trend downwards for the next 48 hours.

Based on the last 12 Balance of Trade events in Australia, we expect GBPUSD to trend downwards for the next 48 hours. Based on these past events there is a 85.71% chance of this. This may happen because the released value is > A$9.05B

Historical events that allowed us to draw this conclusion

02 Dec 00:30

04 Nov 00:30

05 Oct 00:30

05 Aug 01:30

03 Jun 01:30

04 Mar 00:30

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