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June 21, 2023After closing the previous trading day at 180.44, GBP/JPY went up to 182.09 only to drop back; still positive overall today, now trading at 180.44.
Pound-Yen is currently trading at 180.44 following the release of Consumer Price Index data from the United Kingdom.
Meanwhile, United Kingdom Consumer Price Index came out at 8.7%, while a consensus of analysts was expecting 8.4%. United Kingdom CBI Industrial Trends Orders (Jun) released today at 10:00 UTC with a figure of -15, while the previous figure was -17. United Kingdom Nationwide HPI (YoY) came out at 3.5, while a consensus of analysts was expecting 2.6.
Other currencies are also rising as USD/JPY gained 0.41% and is now trading at 141.96.
Meanwhile, after ending yesterday's session at 1.6887, GBP/CAD lost 84 pips and is trading around 1.6803. GBP/USD closed at 1.2712 (down 0.42%).
Also worthy of note, United Kingdom BoE Interest Rate Decision (Jun) is expected tomorrow at 11:00 UTC. United Kingdom BOE Inflation Letter is scheduled for tomorrow at 12:00 UTC. Japan National Core CPI (YoY) (May) will be released tomorrow at 23:30 UTC.
The currency pair has been trending positively for about a month. Pound-Yen is now trading 0.87% away from its significant high of 182 first tested 3 days ago.
