Based on the last 12 Inflation Rate YoY Prel events in Italy, we may expect GBPUSD to trend downwards right now. Based on these past events there is a 80% chance of this. We made this conclusion because the released value is < 1.7%. A price movement of 276 pips may be experienced. Historical events that allowed us to draw this conclusion
29 Aug 09:00 |
07 Jan 10:00 |
31 Oct 10:00 |
30 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
