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 75% chance of this. We expect SB to trend upwards 2 hours following the event release at 16 Feb 07:00 if the released value is < 5.4%. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion
18 Aug 06:00 |
24 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
