Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of GBPUSD trending downwards. We expect this to happen because the released value is > 3.3%. A price movement of 38 pips is expected.
Historical events that allowed us to draw this conclusion
19 Feb 07:00 |
20 Nov 07:00 |
22 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
