Based on the last 12 Inflation Rate YoY events in Canada, we could see a $880 movement on GBPUSD within the next 48 hours. We may see GBPUSD trend upwards for 48 hours because the released value is = 1.9%
Historical events that allowed us to draw this conclusion
20 Aug 12:30 |
21 May 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
