GBP/USD Daily Forecast – 08 September

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Thursday, Sep 07 2017

GBP/USD Daily Forecast – 08 September

From the UK, yesterday, house prices figures were published. House prices in the last three months (June-August) were 0.1% higher than in the previous three months (March-May). Price growth, on this measure, has edged up for the first time since March. Prices in the three months to August were 2.6% higher than in the same three months a year earlier.

In the US session Unemployment Claims data was released. U.S. jobless claims surged last week by the most since November 2012 as tens of thousands of Texans displaced by Hurricane Harvey filed applications to collect benefits, according to Labor Department figures Thursday. Initial jobless claims increased by 62k to seasonally adjusted 298,000. Applications filed in Texas surged by an unadjusted 51,637 from the previous week to 63,742. Continuing claims in U.S. fell by 5k to 1.94m in week ended Aug. 26.

From the UK, tomorrow, Industrial Production figures will be released. Analysts anticipate 0.2% increase. There will be no data releases in the US part of the session.

Figures to watch:

Industrial Production (Friday 10:30)

More in this category: « AUD/USD Daily Forecast – 08 September EUR/USD Daily Forecast – 08 September »

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