We expect RB to trend upwards later today. Based on these past United Kingdom Claimant Count Change news events there is a 70% chance of this. We expect this to happen if the released value is > 26.5K. A price movement of 3 pips is expected.
Historical events that allowed us to draw this conclusion
11 Jun 08:30 |
14 May 08:30 |
16 Apr 08:30 |
19 Mar 09:20 |
19 Feb 09:30 |
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”).
