Based on past Germany Inflation Rate YoY Prel news events there is a 66.67% chance of GBPUSD trending downwards. We expect this to happen if the released value is = 2.3%. A price movement of 38 pips is expected.
Historical events that allowed us to draw this conclusion
29 May 12:00 |
04 Jan 13:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
