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What to trade around the GB Unemployment Rate news event

What to trade around the GB Unemployment Rate news event

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”)

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