We expect S to trend upwards later today. Based on these past United Kingdom Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen if the released value is > 5.9%. A price movement of 525 pips is expected.
Historical events that allowed us to draw this conclusion
16 Feb 07:00 |
19 Jan 07:00 |
15 Dec 07:00 |
17 Nov 07:00 |
15 Sep 06:00 |
14 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
