We expect a $140 movement on GBPUSD within 2 hours following the release of Inflation Rate YoY Prel at 31 May 12:00. We expect GBPUSD to trend downwards 2 hours following the event release at 31 May 12:00 if the released value is > 2.3%. A price movement of 14 pips is expected.

Historical events that allowed us to draw this conclusion

29 Apr 12:00

01 Mar 13:00

29 Oct 13:00

29 Jun 12:00