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May 11, 2023GBP/JPY is grinding lower from 169.51 to 169.43, shedding 8 pips (0.05%) today.
United Kingdom BoE Interest Rate Decision (May) is next today at 11:00 UTC.
Meanwhile, Japan Adjusted Current Account (Mar) came out at 1 trillion, while a consensus of analysts was expecting 1.32 trillion. Japan Current Account n.s.a. (Mar) released yesterday at 23:50 UTC with a figure of 2.28 trillion, while the previous figure was 2.20 trillion. United Kingdom RICS House Price Balance (Apr) came out at -39, while a consensus of analysts was expecting -40.
In the meantime, negative performances are seen in other pairs, EUR/USD closed at 1.0928 (down 0.51%).
Positive performances can be seen by looking at other currencies as having closed the previous session at 0.8892, USD/CHF is up 0.55% today to currently trade at around 0.8941. USD/SGD ascends 0.31% to trade around 1.3289.
Some optimism can drawn from the fact that United Kingdom GDP projected to decline to 0.2% while previous data was 0.6%; data will be released tomorrow at 06:00 UTC.
Furthermore, United Kingdom BoE Interest Rate Decision (May) is scheduled for today at 11:00 UTC. United Kingdom GDP is expected tomorrow at 06:00 UTC.
As things stand, Pound-Yen is 1.27% away from a significant high of 171.69, first set 10 days ago.
