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May 13, 2023A quick look at yesterday: GBP/JPY closed yesterday at 168.97 (with a daily low of 168.17) after ending Thursday at 168.29 and gaining 0.4%.
This move comes while some more positive signs for Pound-Yen are out as GDP in United Kingdom fell short of market expectations (0.1%) with a reading of -0.3%, continuing the decline from the previous figure of 0%. Highly important GDP data from United Kingdom beat analyst expectations of 0.2% with a reading of 0.2%.
On the flip side, United Kingdom Manufacturing Production beat the -0.1% projections, with 0.7%.
Elsewhere, other currency pairs are also gaining ground as notably, GBP/NZD rose 1.29% yesterday and closed at 1.9853. EUR/NZD surges 1.18% yesterday and closed at 1.7322.
While Pound-Yen is up today, these currencies are lagging behind: after ending yesterday's session at 0.63, NZD/USD lost 106 pips and is trading around 0.6193.
As things stand, Pound-Yen is 1.98% away from a significant high of 171.69, first set 12 days ago.
