We expect GBPUSD to trend upwards for the next 2 hours. Based on these past United Kingdom Unemployment Rate news events there is a 75% chance of this. We expect this to happen because the released value is > 4%. A price movement of 44 pips is expected.
Historical events that allowed us to draw this conclusion
16 May 06:00 |
18 Apr 06:00 |
15 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
