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We expect GBPUSD to trend downwards today with a 66.67% chance.

Based on the last 12 Unemployment Rate events in Euro Area, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is < 7.2% Historical events that allowed us to draw this conclusion

30 Jul 09:00
01 Jul 09:00
01 Jun 09:00
08 Jan 10:00

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

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We expect a 0 pip movement on 6E within 12 hours following the event release.

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