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On Event

80% probability that GBPUSD may trend upwards

We expect GBPUSD to trend upwards later today. Based on these past Australia NAB Business Confidence news events there is a 80% chance of this. We expect this to happen if the released value is > 1. A price movement of 12 pips is expected.

Historical events that allowed us to draw this conclusion

13 Sep 01:30
09 Aug 01:30
12 Apr 01:30
08 Mar 00:30