Based on the last 12 Ivey PMI s.a events in Canada, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend upwards 2 hours following the event release at 04 Jun 14:00 if the released value is < 65. A price movement of 54 pips is expected. Historical events that allowed us to draw this conclusion

07 May 14:00

07 Dec 15:00

07 Oct 14:00

04 Sep 14:00