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We expect a 62 pip movement on GBPUSD within 48 hours following the event release.

Based on the last 12 Inflation Rate YoY Prel events in France, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is > 0.9%

Historical events that allowed us to draw this conclusion

31 Oct 07:45
30 Aug 06:45

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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