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May 22, 2023While Friday ended at 172.27, today, GBP/JPY rallied above 172.58 for the first time in 7 years and gained 20 pips — now trading at 172.48.
United Kingdom Composite PMI is next tomorrow at 08:30 UTC.
Other currencies are also rising as USD/SGD gained 0.12% and is now trading at 1.3466. Having closed the previous session at 138.56, USD/JPY is up 0.12% today to currently trade at around 138.73.
Other currencies are showing mixed performance as EUR/USD moves 0.1% to trade around 1.0808.
Also worthy of note, United Kingdom Composite PMI is expected tomorrow at 08:30 UTC. United Kingdom Manufacturing PMI figure is projected at 48. It previously stood at 47.8; data will be released tomorrow at 08:30 UTC. United Kingdom BoE Gov Bailey speech will be released tomorrow at 09:15 UTC. Japan Services PMI figure is projected at 55.2. It previously stood at 55.4; data will be released tomorrow at 00:30 UTC.
