Based on the last 12 Ivey PMI s.a events in Canada, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend upwards 2 hours following the event release at 2023-03-07 02:00 if the released value is < 55.9. A price movement of 143 pips is expected. Historical events that allowed us to draw this conclusion

07 Jan 02:00	05 Nov 01:00
06 Aug 00:00	07 May 00:00

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