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We expect a 34 pip movement on GBPUSD within 4 hours following the event release.

Based on the last 12 PPI MoM events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards 4 hours following the event release at 2024-11-14 13:30 if the released value is < 0.2%. A price movement of 34 pips is expected. Historical events that allowed us to draw this conclusion

13 Jun 12:30
11 Apr 12:30
12 Jan 13:30
13 Dec 13:30
15 Nov 13:30

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

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