Based on the last 12 Retail Sales MoM events in Australia, we expect GBPUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend upwards 2 hours following the event release at 06 Mar 00:30 if the released value is > 0%. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

11 Jan 00:30

07 May 01:30

03 Apr 00:30