Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect NIY to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NIY to trend downwards 4 hours following the event release at 18 Dec 09:30 if the released value is < 1.4%. A price movement of 5,000 pips is expected. Historical events that allowed us to draw this conclusion
13 Nov 09:30 |
18 Sep 08:30 |
22 May 08:30 |
13 Feb 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
