Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect ZB to trend downwards later today. Based on these past events there is a 80% chance of this. We expect ZB to trend downwards 12 hours following the event release at 20 Jan 07:00 if the released value is > 0.5%. A price movement of 90 pips is expected.
Historical events that allowed us to draw this conclusion
18 Nov 07:00 |
19 Aug 06:00 |
15 Jul 06:00 |
19 Feb 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
