Based on the last 12 Unemployment Rate events in United Kingdom, we expect a 1 pip movement on HO within 4 hours following the event release at 15 Oct 08:30 UTC. We expect HO to trend upwards 4 hours following the event release at 15 Oct 08:30 UTC if the released value is = 3.8%
Historical events that allowed us to draw this conclusion
16 Jul 08:30 |
11 Jun 08:30 |
16 Apr 08:30 |
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”).
