Australia GDP Growth Rate QoQ News Event – a possible $60 movement on GBPUSD

Based on the last 12 GDP Growth Rate QoQ events in Australia, we expect a $60 movement on GBPUSD within 2 hours following the event release at 04 Mar 00:30. We expect GBPUSD to trend downwards 2 hours following the event release at 04 Mar 00:30 if the released value is > 0.3%

Historical events that allowed us to draw this conclusion

05 Sep 01:30
06 Jun 01:30
07 Jun 01:30