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There is a 75% chance of GBPUSD trending upwards

Based on the last 12 Inflation Rate YoY events in Australia, GBPUSD may trend upwards for the next 48 hours. Based on these past events there is a 75% chance of this. This may happen because the released value is < 2.9% Historical events that allowed us to draw this conclusion

31 Jan 00:30
27 Jul 01:30
27 Oct 00:30

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

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We expect AUDUSD to trend upwards today with a 85.71% chance.

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