Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect a 352 pip movement on CL within 48 hours following the event release at 18 Aug 06:00 UTC. We expect CL to trend downwards 48 hours following the event release at 18 Aug 06:00 UTC if the released value is > 2.3%
Historical events that allowed us to draw this conclusion
14 Jul 06:00 |
16 Jun 06:00 |
19 May 06:00 |
17 Feb 07:00 |
20 Jan 07:00 |
19 Aug 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
