Based on the last 12 Ivey PMI s.a events in Canada, we expect GBPUSD to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards for the next 2 hours because the released value is < 68. A price movement of 31 pips is expected. Historical events that allowed us to draw this conclusion

08 Apr 00:00

07 Nov 02:00

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