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We expect GBPUSD to trend downwards right now.

Based on the last 12 Inflation Rate YoY events in Canada, we could see a $2000 movement on GBPUSD within the next 48 hours. GBPUSD could trend downwards for the next 48 hours because the released value is < 3.3% Historical events that allowed us to draw this conclusion

17 Oct 12:30
18 Jul 12:30
21 Feb 13:30

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

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