Based on past Canada Ivey PMI s.a news events there is a 80% chance of GBPUSD trending upwards. We expect this to happen because the released value is < 54.7. A price movement of 109 pips is expected. Historical events that allowed us to draw this conclusion

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

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