We expect SI to trend downwards for the next 4 hours. Based on these past United Kingdom Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen because the released value is > 1.4%. A price movement of 23 pips is expected.
Historical events that allowed us to draw this conclusion
17 Feb 07:00 |
20 Jan 07:00 |
18 Nov 07:00 |
19 Aug 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
