Based on the last 12 Inflation Rate YoY events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 13 Aug 12:30 if the released value is < 1.7%. A price movement of 22 pips is expected. Historical events that allowed us to draw this conclusion
12 Jun 12:30 |
10 May 12:30 |
12 Mar 12:30 |
10 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
