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. We expect GBPUSD to trend downwards 48 hours following the event release at 2023-06-01 09:00 if the released value is = 6.5%. A price movement of 115 pips is expected.
Historical events that allowed us to draw this conclusion
01 Sep 09:00 |
01 Aug 09:00 |
01 Jun 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
