Why you should close your GBPUSD positions today
Be very careful of upcoming volatility because of the GB Unemployment Rate news event later today. Based on the last 12 Unemployment Rate events in GB, we expect a $130 movement on GBPUSD within 2 hours following the event release at 16 Apr 08:30.
We expect this to happen if the released value is = 3.9%. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
|19 Feb 09:30
|11 Dec 09:30
|11 Sep 08:30
|17 Jul 08:30
|12 Jun 08:30
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)