Based on the last 12 Inflation Rate YoY events in United Kingdom, GBPUSD could experience an downwards trend. Based on these past events there is a 66.67% chance of this, and the trend could last 48 hours because the released value is > 6.6%.
Historical events that allowed us to draw this conclusion
21 Jun 06:00 |
24 May 06:00 |
19 Apr 06:00 |
19 Oct 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
