Based on the last 12 Claimant Count Change events in United Kingdom, we expect MW to trend upwards later today. Based on these past events there is a 75% chance of this. We expect MW to trend upwards 2 hours following the event release at 16 Jun 06:00 if the released value is > 400K. A price movement of 387 pips is expected.
Historical events that allowed us to draw this conclusion
19 May 06:00 |
17 Dec 09:30 |
12 Nov 09:30 |
16 Jul 08:30 |
11 Jun 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
