We expect a $630 movement on GBPUSD within 2 hours following the release of Housing Starts at 2023-02-17 00:30. We expect GBPUSD to trend upwards 2 hours following the event release at 2023-02-17 00:30 if the released value is < 1.36M. A price movement of 63 pips is expected. Historical events that allowed us to draw this conclusion

19 Oct 23:30	16 Aug 22:30
19 Jul 22:30	16 Jun 22:30

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