We expect GBPUSD to trend upwards later today. Based on these past Canada Ivey PMI s.a news events there is a 83.33% chance of this. We expect this to happen if the released value is < 49. A price movement of 109 pips is expected. Historical events that allowed us to draw this conclusion

08 Jan 02:00	08 Dec 02:00
08 Oct 01:00	05 Sep 00:00
08 May 00:00

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