Based on the last 12 Unemployment Rate events in United Kingdom, we expect HE to trend upwards later today. Based on these past events there is a 80% chance of this. We expect HE to trend upwards 2 hours following the event release at 2024-06-11 06:00 if the released value is > 4.3%. A price movement of 145 pips is expected.
Historical events that allowed us to draw this conclusion
16 Apr 06:00 |
12 Mar 07:00 |
11 Jul 06:00 |
16 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
