Canada Inflation Rate YoY News Event – a $1,560 opportunity on GBPUSD

We expect a $1,560 movement on GBPUSD within 48 hours following the release of Inflation Rate YoY at 17 Mar 23:30. We expect GBPUSD to trend downwards 48 hours following the event release at 17 Mar 23:30 if the released value is < 1.3%. A price movement of 156 pips is expected. Historical events that allowed us to draw this conclusion

21 Jan 00:30
16 Sep 22:30
19 Aug 22:30
17 Jun 22:30
20 May 22:30
22 Apr 22:30

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