Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect GBPUSD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 2023-03-22 07:00 if the released value is > 9.9%. A price movement of 54 pips is expected.
Historical events that allowed us to draw this conclusion
19 Oct 06:00 |
17 Aug 06:00 |
20 Jul 06:00 |
13 Apr 06:00 |
23 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
