We expect GBPUSD to trend downwards today with a 66.67% chance.

Based on the last 12 Inflation Rate YoY events in Canada, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is = 3.4%

Historical events that allowed us to draw this conclusion

18 Apr 12:30

16 Nov 13:30

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