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UK Becomes Less Desirable to EU Citizens

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Net migration to Britain fell by 81,000 to 246,000, its lowest level in three years, in the 12 months to the end of March, with more than half the drop due to EU citizens leaving Britain and fewer arriving, official data showed on Thursday.Since Britain’s June 2016 vote to exit the European Union, the annual difference between those moving to and leaving the country has fallen steadily from a peak of nearly 350,000, according to the Office for National Statistics.The biggest fall in the latest data came among those from members of eight eastern European countries, including Poland and Hungary, that joined the EU in 2004, prompting the arrival in Britain of many eastern Europeans hoping for better paid jobs and an improved quality of life.

Source: EU citizens leaving UK pushes down net migration after Brexit vote

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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