Based on the last 12 Ivey PMI s.a events in Canada, we expect a 67 pip movement on GBPUSD within 2 hours following the event release at 2022-12-07 02:00. We expect GBPUSD to trend upwards 2 hours following the event release at 2022-12-07 02:00 if the released value is > 49

Historical events that allowed us to draw this conclusion

08 Sep 00:00	08 Jun 00:00
07 Apr 00:00	05 Feb 02:00
08 Dec 02:00

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