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We expect a $540 movement on GBPUSD within 2 hours following the release of Inflation Rate YoY at 2022-10-19 17:00. We expect GBPUSD to trend downwards 2 hours following the event release at 2022-10-19 17:00 if the released value is > 10%. A price movement of 54 pips is expected.
Historical events that allowed us to draw this conclusion
17 Aug 16:00 |
20 Jul 16:00 |
13 Apr 16:00 |
23 Mar 18:00 |
19 Jan 18:00 |
17 Nov 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).