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GBP/USD Daily Forecast – 26 September

Monday, Sep 25 2017
GBP/USD Daily Forecast – 26 September

There were no major data releases from the UK yesteday, with focus on Brexit. Jeremy Corbyn has promised to listen to Labour members' calls to keep the UK in the EU single market - but warned it could hamper the government's ability to protect jobs and invest in industry. The Labour leader said EU restrictions on state aid and pressure to privatise sectors like rail could cause problems. He also predicted "a lot" of people would continue to come from the EU to work in the UK after Brexit.

Mr Corbyn was speaking on day one of the Labour conference in Brighton. Boosted by Labour's better-than-forecast general election result in June, he told the BBC's Andrew Marr Show he wanted 10 years in office to implement Labour's agenda, saying at least two electoral terms would be needed to address challenges on housebuilding and inequality.

 

There will be no major data releases from the UK tomorrow. In the US session CB Consumer Confidence and New Home Sales figures will be published. Consumer Confidence should fall to 119.1, while New Home Sales should be at an annular rate of 591,000.

 

Figures to watch:

 

CB Consumer Confidence (Tuesday 16:00)

New Home Sales (Tuesday 16:00)

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