Based on past United Kingdom Inflation Rate YoY news events there is a 66.67% chance of GC trending downwards. We expect this to happen if the released value is > 8.2%. A price movement of 900 pips is expected.
Historical events that allowed us to draw this conclusion
|19 Apr 06:00
|19 Oct 06:00
|17 Aug 06:00
|20 Jul 06:00
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).