We expect GBPUSD to trend downwards for the next 2 hours. Based on these past Canada Inflation Rate YoY news events there is a 71.43% chance of this. We expect this to happen because the released value is > 3.9%. A price movement of 34 pips is expected.

Historical events that allowed us to draw this conclusion

18 Aug 12:30

16 Jun 12:30

19 May 12:30

17 Feb 13:30

16 Dec 13:30