Based on the last 12 Ivey PMI s.a events in Canada, we expect GBPUSD to trend upwards right now. Based on these past events there is a 83.33% chance of this. We expect GBPUSD to trend upwards for the next 12 hours because the released value is > 49. A price movement of 68 pips is expected.

Historical events that allowed us to draw this conclusion

06 Feb 02:00	07 Nov 02:00
08 Aug 00:00	06 Jun 00:00
07 Mar 02:00

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