We expect GBPUSD to trend upwards later today. Based on these past United States Housing Starts news events there is a 66.67% chance of this. We expect this to happen if the released value is > 1.59M. A price movement of 40 pips is expected.

Historical events that allowed us to draw this conclusion

16 Apr 22:30	22 Jan 00:30
19 Nov 00:30	18 Aug 22:30

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