We expect GBPUSD to trend upwards later today. Based on these past United States Housing Starts news events there is a 83.33% chance of this. We expect this to happen if the released value is < 1.71M. A price movement of 109 pips is expected. Historical events that allowed us to draw this conclusion

17 Mar 23:30	20 Oct 23:30
17 Sep 22:30	17 Jun 22:30
19 May 22:30

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