Based on the last 12 Inflation Rate YoY events in Canada, we expect GBPUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards 4 hours following the event release at 20 May 22:30 if the released value is < -0.1%. A price movement of 71 pips is expected. Historical events that allowed us to draw this conclusion

16 Oct 23:30

18 Sep 22:30

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