Based on the last 12 Housing Starts events in United States, we expect GBPUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend downwards 48 hours following the event release at 19 Feb 00:30 if the released value is < 1.658M. A price movement of 156 pips is expected. Historical events that allowed us to draw this conclusion

17 Sep 22:30	17 Jun 22:30
19 May 22:30	16 Apr 22:30

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