We expect GBPUSD to trend downwards for the next 48 hours. Based on these past France Inflation Rate YoY Prel news events there is a 71.43% chance of this. We expect this to happen because the released value is < 1.5%. A price movement of 109 pips is expected. Historical events that allowed us to draw this conclusion
29 Nov 07:45 |
27 Sep 06:45 |
31 Jul 06:45 |
28 Jun 06:45 |
29 Mar 07:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
