Based on the last 12 Inflation Rate YoY events in Canada, we expect a 31 pip movement on GBPUSD within 2 hours following the event release at 19 Nov 00:30 GMT+11. We expect GBPUSD to trend downwards 2 hours following the event release at 19 Nov 00:30 GMT+11 if the released value is > 0.4%

Historical events that allowed us to draw this conclusion

22 Jul 22:30	18 Mar 23:30
20 Feb 00:30

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