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There is a 75% chance of SM trending downwards

Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of SM trending downwards. We expect this to happen because the released value is = 0.5%. A price movement of 394 pips is expected.

Historical events that allowed us to draw this conclusion

25 Mar 07:00
17 Jul 08:30
19 Jun 08:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect 6E to trend downwards today with a 66.67% chance.

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