Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of GBPUSD trending upwards. We expect this to happen if the released value is = 0.6%. A price movement of 177 pips is expected.

Historical events that allowed us to draw this conclusion

21 Oct 17:00	22 Apr 16:00
25 Mar 18:00

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