Kicking off the session at 164.36, Pound-Yen currency pair peaks at 165.45

Pound-Yen trades at 165.43 after gaining 103 pips (0.63%).

Meanwhile, United Kingdom Manufacturing PMI came out at 47.9, while a consensus of analysts was expecting 48. Japan 10-Year JGB Auction released today at 03:35 UTC with a figure of 0.456, while the previous figure was 0.5.

Elsewhere, other currency pairs are also gaining ground as EUR/AUD is up 0.64% to 1.6168. Having closed the previous session at 1.9717, GBP/NZD is up 0.42% today to currently trade at around 1.98. Having closed the previous session at 1.242, GBP/USD is up 0.41% today to currently trade at around 1.2471.

Also worthy of note, United Kingdom Composite PMI figure is projected at 52.2. It previously stood at 52.2; data will be released tomorrow at 08:30 UTC. Japan Services PMI is expected tomorrow at 00:30 UTC. United Kingdom MPC Member Tenreyro speech set for tomorrow at 09:15 UTC.

The currency pair has been trending positively for about 2 months. After setting a supportive marker at 144.6 around 5 months ago, Pound-Yen is now trading 13.68% higher.