Based on past Italy Inflation Rate YoY Prel news events there is a 66.67% chance of GBPUSD trending upwards. We expect this to happen because the released value is = 2%. A price movement of 44 pips is expected.
Historical events that allowed us to draw this conclusion
29 Nov 10:00 |
31 May 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
