Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect SB to trend upwards later today. Based on these past events there is a 71.43% chance of this. We expect SB to trend upwards 12 hours following the event release at 16 Jun 06:00 if the released value is > 1.8%. A price movement of 77 pips is expected.
Historical events that allowed us to draw this conclusion
17 Feb 07:00 |
18 Nov 07:00 |
16 Sep 06:00 |
19 Aug 06:00 |
15 Jul 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
