Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect GBPUSD to trend upwards. Based on these past events there is a 75% chance of this. We expect GBPUSD to trend upwards for 2 hours because the released value is > 5.4%. A price movement of 31 pips is expected.

Historical events that allowed us to draw this conclusion

15 Dec 18:00	17 Nov 18:00
15 Sep 16:00	14 Jul 16:00
16 Jun 16:00	17 Feb 18:00

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