Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 19 May 06:00 if the released value is > 1.4%. A price movement of 15 pips is expected.

Historical events that allowed us to draw this conclusion

18 Nov 07:00

16 Sep 06:00

19 Aug 06:00

15 Jul 06:00