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 71.43% chance of this. We expect GBPUSD to trend downwards 2 hours following the event release at 21 Jan 13:30 if the released value is > 1.56M. A price movement of 31 pips is expected.

Historical events that allowed us to draw this conclusion

17 Dec 13:30

17 Jul 12:30

18 Mar 12:30

19 Feb 13:30

17 Jan 13:30