Based on past Canada Ivey PMI s.a news events there is a 66.67% chance of GBPUSD trending upwards. We expect this to happen if the released value is < 60.5. A price movement of 58 pips is expected. Historical events that allowed us to draw this conclusion

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”).