Be very careful of upcoming volatility because of United Kingdom Inflation Rate YoY news event later today. Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect a $63.919 movement on UB within 2 hours following the event release at 13 Nov 09:30. We expect this to happen if the released value is < 1.6%. A price movement of 35 pips is expected. Historical events that allowed us to draw this conclusion
16 Oct 08:30 |
18 Sep 08:30 |
13 Feb 09:30 |
14 Nov 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
