We expect GBPUSD to trend downwards later today. Based on these past Germany Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen if the released value is = 6.6%. A price movement of 52 pips is expected.

Historical events that allowed us to draw this conclusion

28 Feb 19:55	03 Jan 19:55
30 Sep 17:55	29 Aug 17:55
31 Jul 17:55	01 Jul 17:55

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