Based on past Canada Ivey PMI s.a news events there is a 71.43% chance of GBPUSD trending upwards. We expect this to happen because the released value is > 48.8. A price movement of 67 pips is expected.

Historical events that allowed us to draw this conclusion

08 Jun 00:00	07 Apr 00:00
05 Feb 02:00	08 Dec 02:00
08 Oct 01:00

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