Based on past Canada Ivey PMI s.a news events there is a 80% chance of GBPUSD trending downwards. We expect this to happen because the released value is < 68.7. A price movement of 115 pips is expected. Historical events that allowed us to draw this conclusion

08 Jan 02:00	07 Nov 02:00
05 Oct 00:00

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