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GBP/USD Daily Forecast – 12 September

Monday, Sep 11 2017
GBP/USD Daily Forecast – 12 September

There were no data releases from the UK yesterday, with focus still on Brexit. Britain could bring in tough new controls on immigration from the European Union without actually having to leave the bloc, former prime minister Tony Blair said on Sunday. Concerns over the impact of high levels of immigration on public services and housing were cited as a factor by many who voted to leave the EU in last year’s referendum. Prime Minister Theresa May’s Conservative government has said free movement of EU citizens coming to Britain must end.

Many Brexit supporters blame Blair’s government, which allowed citizens of former communist states to settle immediately in Britain despite a long transition period implemented by other EU countries, for a big influx of EU migrants from 2004. “There is no diversion possible from Brexit without addressing the grievances that gave rise to it. Paradoxically, we have to respect the referendum vote to change it,” Blair, who has said Brexit can and should be stopped, wrote in the Sunday Times newspaper.

 

Tomorrow, from the UK CPI and PPI figures will be released. Analysts expect 2.8% increase in CPI and 1.2% rise in PPI Input. There will be no major data releases from the USA.

 

Figures to watch:

 

CPI/PPI (Tuesday 10:30)

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