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We expect RB to trend upwards today with a 70% chance.

We expect RB to trend upwards later today. Based on these past United Kingdom Claimant Count Change news events there is a 70% chance of this. We expect this to happen if the released value is > 26.5K. A price movement of 3 pips is expected.

Historical events that allowed us to draw this conclusion

11 Jun 08:30
14 May 08:30
16 Apr 08:30
19 Mar 09:20
19 Feb 09:30
11 Dec 09:30
16 Oct 08:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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