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We expect GBPUSD to trend upwards today with a 75% chance.

Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect GBPUSD to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 5.4%

Historical events that allowed us to draw this conclusion

15 Dec 07:00
17 Nov 07:00
15 Sep 06:00
14 Jul 06:00
16 Jun 06:00
17 Feb 07:00

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

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