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We expect GBPUSD to trend downwards today with a 75% chance.

We expect GBPUSD to trend downwards later today. Based on these past Euro Area Unemployment Rate news events there is a 75% chance of this. We expect this to happen if the released value is = 7.5%. A price movement of 195 pips is expected.

Historical events that allowed us to draw this conclusion

30 Aug 09:00
31 Jul 09:00
31 Jan 10:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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