We expect GBPUSD to trend upwards later today. Based on these past Euro Area Unemployment Rate news events there is a 66.67% chance of this. We expect this to happen if the released value is = 8.1%. A price movement of 113 pips is expected.

Historical events that allowed us to draw this conclusion

03 Mar 21:00

29 Nov 21:00

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