We will be having UK retail sales announcement at 530pm (+8GMT). Analysts’ forecast is at 0.7%.
Trade idea is simple.
A higher than expected result may drive GBP up. If so, I will sell GBP against USD.
A lower than expected result may drive GBP down. If so, I will buy GBP against AUD.
Take away should be around 0.30 to 0.50% move.