Based on past United Kingdom Inflation Rate YoY news events there is a 75% chance of USDCAD trending upwards. We expect this to happen because the released value is > 9.8%. A price movement of 25 pips is expected.

Historical events that allowed us to draw this conclusion

20 Jul 16:00	13 Apr 16:00
23 Mar 18:00	15 Dec 18:00
17 Nov 18:00	15 Sep 16:00

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