Australia Retail Sales MoM News Event – a possible $110 movement on GBPUSD

Based on the last 12 Retail Sales MoM events in Australia, we expect a $110 movement on GBPUSD within 2 hours following the event release at 03 Apr 00:30. We expect GBPUSD to trend upwards 2 hours following the event release at 03 Apr 00:30 if the released value is > 0.4%

Historical events that allowed us to draw this conclusion

11 Jan 00:30
07 May 01:30
03 Apr 00:30