Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect a 21 pip movement on GBPUSD for the next 4 hours. We expect GBPUSD to trend downwards for 4 hours because the released value is = 3.9%

Historical events that allowed us to draw this conclusion

30 Mar 23:00

07 Jan 00:00

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