We expect GBPUSD to trend upwards later today. Based on these past United Kingdom Inflation Rate YoY news events there is a 75% chance of this. We expect this to happen if the released value is = 0.5%. A price movement of 85 pips is expected.

Historical events that allowed us to draw this conclusion

22 Apr 06:00

25 Mar 07:00

19 Jun 08:30