This Wednesday 22 May at 08:30 AM GMT the latest GB PPI Input YoY number will be released.
If the number is less than than economists’ consensus there is a 80% probability that GBPUSD will trend down following the news event.
This probability is based on the last 12 GB PPI Input YoY events, in which 4 of the last 5 events where the actual number was less than than the economist consensus resulted in an down trend of GBPUSD.
Here are images of the past events:
Wednesday 20 Mar at 09:30 AM GMT:
Wednesday 13 Feb at 09:30 AM GMT:
Wednesday 19 Sep at 08:30 AM GMT:
Wednesday 23 May at 08:30 AM GMT:
Disclaimer: Past performance may not be indicative of future performance