Based on past Canada Inflation Rate YoY news events there is a 75% chance of GBPUSD trending upwards. We expect this to happen because the released value is > 7.4%. A price movement of 31 pips may be on the cards.
Historical events that allowed us to draw this conclusion
20 Apr 12:30 |
16 Mar 12:30 |
16 Feb 13:30 |
20 Oct 12:30 |
15 Sep 12:30 |
18 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
