Based on past United States Housing Starts news events there is a 80% chance of GBPUSD trending upwards. We expect this to happen because the released value is > 1.555M. A price movement of 19 pips is expected.

Historical events that allowed us to draw this conclusion

20 Jul 22:30	16 Apr 22:30
18 Dec 00:30	19 Nov 00:30

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