We expect USDCAD to trend downwards later today. Based on these past United Kingdom GDP Growth Rate QoQ Final news events there is a 80% chance of this. We expect this to happen if the released value is > 1.3%. A price movement of 21 pips is expected.

Historical events that allowed us to draw this conclusion

30 Sep 16:00	31 Mar 17:00
22 Dec 18:00	30 Sep 16:00

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