United Kingdom Inflation Rate YoY News Event – a possible $300 movement on EURUSD

Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect a $300 movement on EURUSD within 4 hours following the event release at 2023-03-22 18:00. We expect EURUSD to trend downwards 4 hours following the event release at 2023-03-22 18:00 if the released value is > 9.9%

Historical events that allowed us to draw this conclusion

19 Oct 17:00
17 Aug 16:00
13 Apr 16:00
23 Mar 18:00

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