Based on the last 12 Unemployment Rate events in Euro Area, we expect GBPUSD to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend upwards 4 hours following the event release at 01 Feb 21:00 if the released value is < 8.3%. A price movement of 77 pips is expected. Historical events that allowed us to draw this conclusion

08 Jan 21:00	01 Sep 19:00
30 Apr 19:00	01 Apr 20:00
30 Jan 21:00

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