We expect GBPUSD to trend downwards for the next 2 hours. Based on these past United Kingdom Inflation Rate YoY news events there is a 83.33% chance of this. We expect this to happen because the released value is < 3.5%. A price movement of 38 pips is expected. Historical events that allowed us to draw this conclusion
14 Feb 07:00 |
20 Dec 07:00 |
15 Nov 07:00 |
20 Sep 06:00 |
19 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
