Based on the last 12 Unemployment Rate events in GB, we expect GBPUSD to trend down later today. Based on these past events there is a 85.7% of this.
We expect GBPUSD to trend down 2 hours following the event release at 16 Oct 08:30 if the released value is = 4%. A price movement of 18 pips is expected.
Historical events that allowed us to draw this conclusion
11 Sep 08:30 |
17 Jul 08:30 |
12 Jun 08:30 |
24 Jan 09:30 |
15 Nov 09:30 |
18 Oct 08:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
