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 23 pips is expected.

Historical events that allowed us to draw this conclusion

30 Oct 10:00

01 Oct 09:00

03 Mar 10:00

29 Nov 10:00