Based on the last 12 GDP Growth Rate QoQ Final events in United Kingdom, we could expect USDCAD to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect USDCAD to trend upwards 2 hours following the event release at 30 Jun 16:00 if the released value is = 0.8%. A price movement of 14 pips could result.

Historical events that allowed us to draw this conclusion

30 Sep 18:30

28 Jun 18:30

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