Losing streak continues, Pound-Yen lost 37 pips to 173 adding to its four consecutive days of drops

GBP/JPY is range-bound between 172.65 and 174.35 today after shedding 37 pips and closing at 173.38 yesterday.

Data for United Kingdom Construction PMI published yesterday at 08:30 UTC came out at 51.6, beating projections of 51 and showing improvement over the preceding figure of 51.1.

In the meantime, negative performances are also seen in other pairs as after ending yesterday's session at 149.29, EUR/JPY lost 42 pips and is trading around 148.87. After ending yesterday's session at 139.62, USD/JPY lost 35 pips and is trading around 139.27. EUR/AUD is down to 1.6006, losing 23 pips, after closing at 1.6029 in the preceding trading session.

Moreover, Japan GDP is projected to outperform its last figure with 0.4. It previously stood at zero; data will be released today at 23:50 UTC.

Furthermore, United Kingdom House Price Index is expected today at 06:00 UTC. United Kingdom House Price Index figure is projected at 0%. It previously stood at -0.3%; data will be released today at 06:00 UTC.

Pound-Yen is now trading 0.48% away from its significant high of 174.22 first tested 3 days ago.