Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect GBPUSD to trend upwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is > 1.5%

Historical events that allowed us to draw this conclusion

28 Aug 22:30	29 May 22:30
30 Nov 00:30	01 Dec 00:30

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