Based on the last 12 Unemployment Rate events in Germany, we expect GBPUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards 48 hours following the event release at 2023-01-31 19:55 if the released value is = 5.5%. A price movement of 154 pips is expected.

Historical events that allowed us to draw this conclusion

02 Nov 19:55	31 Aug 17:55
31 May 17:55	31 Mar 18:55

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