Kicking off the session at 168.32, Pound-Yen currency pair peaks at 169.73

Pound-Yen trades at 168.93 after gaining 63 pips (0.38%).

This move comes while some more positive signs for Pound-Yen are out as GDP in United Kingdom fell short of market expectations (0.1%) with a reading of -0.3%, continuing the decline from the previous figure of 0%. Fresh GDP data released in United Kingdom matched analyst forecasts with a reading of 0.2% — a backwards step from its previous reading of 0.6%.

Nevertheless, highly important Manufacturing Production data from United Kingdom beat analyst expectations of -0.1% with a reading of 0.7%.

Other currencies are also rising as GBP/NZD is up 1.25%. EUR/NZD leaps up 1.16% to trade around 1.7524.

While Pound-Yen is up today, these currencies are lagging behind: NZD/USD is trading around 0.6191 (down 109 pips).

As things stand, Pound-Yen is 1.98% away from a significant high of 171.69, first set 11 days ago.