Based on the last 12 Claimant Count Change events in United Kingdom, we expect CC to trend downwards later today. Based on these past events there is a 75% chance of this. We expect CC to trend downwards 4 hours following the event release at 17 Aug 06:00 if the released value is > -180K. A price movement of 1,300 pips is expected.
Historical events that allowed us to draw this conclusion
15 Jul 06:00 |
23 Mar 07:00 |
11 Aug 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
