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 83.33% chance of this. We expect GBPUSD to trend upwards 12 hours following the event release at 08 Jan 02:00 if the released value is < 53.2. A price movement of 109 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
08 Jan 02:00

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