We expect GBPUSD to trend upwards later today. Based on these past Canada GDP Growth Rate QoQ news events there is a 66.67% chance of this. We expect this to happen if the released value is < 3.8%. A price movement of 107 pips is expected. Historical events that allowed us to draw this conclusion

02 Dec 00:30

31 May 22:30

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