Based on past United Kingdom GDP Growth Rate QoQ Final news events there is a 70% chance of USDCAD trending downwards. We expect this to happen because the released value is = 0.0%. A price movement of 65 pips is expected.

Historical events that allowed us to draw this conclusion

28 Jun 18:30	29 Mar 20:30
28 Sep 18:30	29 Mar 19:30
22 Dec 20:30	30 Jun 18:30
31 Mar 19:30

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