Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of CC trending upwards. We expect this to happen if the released value is > 2.2%. A price movement of 719 pips is expected.
Historical events that allowed us to draw this conclusion
22 May 06:00 |
17 Apr 06:00 |
17 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
