Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect a 21 pip movement on USDCHF within 2 hours following the event release at 2023-05-24 16:00. We expect USDCHF to trend upwards 2 hours following the event release at 2023-05-24 16:00 if the released value is > 8.2%

Historical events that allowed us to draw this conclusion

19 Apr 16:00	19 Oct 17:00
17 Aug 16:00	20 Jul 16:00

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