We expect USDCAD to trend downwards later today. Based on these past United Kingdom Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen if the released value is < 5.2%. A price movement of 106 pips is expected. Historical events that allowed us to draw this conclusion

21 Apr 16:00

24 Mar 18:00

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