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Based on the last 12 Inflation Rate YoY events in United Kingdom, we expect GBPUSD to trend upwards later today. Based on these past events there is a 87.5% chance of this. We expect GBPUSD to trend upwards 2 hours following the event release at 19 Jan 18:00 if the released value is > 5.2%. A price movement of 31 pips is expected.
Historical events that allowed us to draw this conclusion
15 Dec 18:00 |
17 Nov 18:00 |
15 Sep 16:00 |
14 Jul 16:00 |
16 Jun 16:00 |
17 Feb 18:00 |
20 Jan 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).