Based on the last 12 Unemployment Rate events in Germany, we expect GBPUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards 48 hours following the event release at 31 Mar 18:55 if the released value is = 6%. A price movement of 73 pips is expected.

Historical events that allowed us to draw this conclusion

02 Mar 19:55

05 Jan 19:55

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