Based on the last 12 Inflation Rate YoY events in Canada, GBPUSD may trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 7.4%

Historical events that allowed us to draw this conclusion

20 Apr 22:30	16 Mar 23:30
17 Feb 00:30	20 Oct 23:30
15 Sep 22:30	18 Aug 22:30

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