Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of SM trending downwards. We expect this to happen because the released value is = 0.5%. A price movement of 394 pips is expected.
Historical events that allowed us to draw this conclusion
25 Mar 07:00 |
17 Jul 08:30 |
19 Jun 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
