Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is > 0.7%

Historical events that allowed us to draw this conclusion

30 Oct 00:00

29 Jun 22:00

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