Based on the last 12 Unemployment Rate events in Euro Area, we expect a 140 pip movement on GBPUSD within 48 hours following the event release at 2023-05-03 19:00. We expect GBPUSD to trend upwards 48 hours following the event release at 2023-05-03 19:00 if the released value is < 6.6% Historical events that allowed us to draw this conclusion

31 Mar 20:00

01 Dec 21:00

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