GBPUSD will trend upwards from 12 Dec 13:30

We expect GBPUSD to trend upwards later today. Based on these past United States Inflation Rate YoY news events there is a 71.43% chance of this. We expect this to happen if the released value is = 2.2%. A price movement of 56 pips is expected.

Historical events that allowed us to draw this conclusion

14 Nov 13:30
11 Apr 13:30
13 Mar 12:30
12 Jan 13:30
13 Dec 13:30

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

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