We expect GBPUSD to trend upwards later today. Based on these past Euro Area Unemployment Rate news events there is a 80% chance of this. We expect this to happen if the released value is = 8.4%. A price movement of 125 pips is expected.

Historical events that allowed us to draw this conclusion

30 Oct 21:00	01 Oct 19:00
03 Mar 21:00	09 Jan 21:00

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