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. We expect GBPUSD to trend downwards 2 hours following the event release at 30 Aug 12:00 if the released value is = 3.9%. A price movement of 28 pips is expected.

Historical events that allowed us to draw this conclusion

30 Mar 12:00

06 Jan 13:00