Be very careful of upcoming volatility because of United Kingdom Unemployment Rate news event later today. We expect a large increase in volatility on the these instruments following the event release at 12 Oct 17:00 GMT+11:
The table below summarizes how the volatility of each instrument is expected to change during this news event.
| Symbol | Normal Movement Range | Movement range during GB Unemployment Rate |
|---|---|---|
| GBPUSD | 37-65 pips | 54-89 pips (36.66%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).