We expect a $570 movement on GBPUSD within 12 hours following the release of New Home Sales at 2022-09-28 00:00. We expect GBPUSD to trend downwards 12 hours following the event release at 2022-09-28 00:00 if the released value is > 0.5M. A price movement of 57 pips is expected.

Historical events that allowed us to draw this conclusion

25 Jun 00:00	27 Jan 02:00
27 Oct 01:00

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