We expect 6E to trend downwards for the next 48 hours. Based on these past United Kingdom Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen because the released value is > 2.2%. A price movement of 2 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jun 06:00 |
19 May 06:00 |
18 Nov 07:00 |
19 Aug 06:00 |
15 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
