Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect GBPUSD to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend upwards for the next 2 hours because the released value is < 0.2%. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion

30 Sep 22:00

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