We may be expecting a $1,580 movement on GBPUSD within 48 hours following the event release at 18 May 12:30.

Based on the last 12 Housing Starts events in United States, a $1,580 movement could occur on GBPUSD within 48 hours following the event release at 18 May 12:30. We expect GBPUSD to trend upwards 48 hours following the event release at 18 May 12:30 if the released value is > 1.765M

Historical events that allowed us to draw this conclusion

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

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