Based on the last 12 PPI Input YoY events in United Kingdom, we expect a $220 movement on GBPUSD within 12 hours following the event release at 14 Aug 08:30. We expect GBPUSD to trend downwards 12 hours following the event release at 14 Aug 08:30 if the released value is > 0.1%
Historical events that allowed us to draw this conclusion
16 Jan 09:30 |
19 Dec 09:30 |
17 Oct 08:30 |
15 Aug 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
