Based on the last 12 Inflation Rate YoY events in United Kingdom, we could see a $330 movement on GBPUSD within the next 2 hours. GBPUSD could trend upwards for the next 2 hours because the released value is > 1.9%
Historical events that allowed us to draw this conclusion
22 May 06:00 |
17 Apr 06:00 |
17 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
