We expect a $480 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend downwards 12 hours following the Unemployment Rate events in Germany release because the released value is = 5.5%. A price movement of 48 pips is expected.

Historical events that allowed us to draw this conclusion

29 Jul 17:55	31 May 17:55
03 May 17:55	31 Mar 18:55
30 Nov 19:55

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