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March 05, 2023A quick look at Friday: after ending Thursday at 163.24, GBP/JPY spiked to 163.64 Friday, dropped back to starting point range, and rallied again to 163.59.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD added 0.8% and closed around 1.92 Friday. Notably, GBP/USD rose 0.84% Friday and closed at 1.1943. GBP/CAD added 0.84% and closed around 1.6238 Friday.
Furthermore, the market is looking at United Kingdom Construction PMI is projected to outperform its last figure with 49.1. It previously stood at 48.4; data will be released tomorrow at 09:30 UTC.
The currency pair has been trending positively for about 29 days. Having established significant support at 144.6 approximately 4 months ago, Pound-Yen's share price has bounced 12.89% higher.
