Based on the last 12 Ivey PMI s.a events in Canada, we expect GBPUSD to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > 53.3

Historical events that allowed us to draw this conclusion

07 Sep 00:00
08 Aug 00:00
08 May 00:00
05 Apr 01:00

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