Based on the last 12 Inflation Rate YoY events in GB, we expect a 23 pip movement on GBPUSD for the next 4 hours.
We expect GBPUSD to trend down for 4 hours because the released value is < 2.6%
Historical events that allowed us to draw this conclusion
18 Jul 08:30 |
23 May 08:30 |
18 Apr 08:30 |
20 Mar 09:30 |
14 Nov 09:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
