| 
March 06, 2023GBP/JPY is grinding lower from 163.57 to 163.56, shedding 1 pips (0.01%) today.
New United Kingdom Construction PMI improved upon the previous 48.4 figure while also exceeding analyst expectations with a reading of 54.6.
Highly important Construction PMI data from United Kingdom beat analyst expectations of 49.1 with a reading of 54.6.
Though Pound-Yen has been dropping, other pairs have been performing better: EUR/NZD is up 1.05% to 1.7262. EUR/AUD added 1.04% to its value, now trading at 1.587. Having closed the previous session at 1.9342, GBP/NZD is up 0.55% today to currently trade at around 1.9448.
Furthermore, Japan Current Account n.s.a. (Jan) is expected tomorrow at 23:50 UTC. United Kingdom BRC Retail Sales Monitor (YoY) (Feb) is scheduled for tomorrow at 00:01 UTC. United Kingdom House Price Index is expected tomorrow at 07:00 UTC.
The currency pair has been trending positively for about a month. After setting a supportive marker at 144.6 around 4 months ago, Pound-Yen is now trading 13.12% higher.
