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May 24, 2023GBP/JPY reached 172.79, breaking a 7 years record. Later, it lost 56 pips and is now trading at 172.23.
Pound-Yen is currently trading at 172.23 following the release of BoE Gov Bailey speech data from the United Kingdom.
Meanwhile, United Kingdom Consumer Price Index came out at 8.7%, while a consensus of analysts was expecting 8.3%. United Kingdom Manufacturing PMI released yesterday at 08:30 UTC with a figure of 46.9, while the previous figure was 47.8. United Kingdom Composite PMI released yesterday at 08:30 UTC with a figure of 53.9, while the previous figure was 54.9.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD shoots up 1.96% to trade around 2.0248. EUR/NZD gained 2.16% and is currently trading at 1.761.
While Pound-Yen is up today, these currencies are lagging behind: NZD/USD closed at 0.6106 (down 2.31%).
Also worthy of note, Japan Tokyo Core CPI (YoY) (May) scheduled to come out tomorrow at 23:30 UTC. Japan CPI Tokyo Ex Food and Energy (MoM) (May) will be released tomorrow at 23:30 UTC. United Kingdom MPC Member Haskel speech is expected tomorrow at 16:30 UTC.
As things stand, Pound-Yen is 0.2% away from a significant high of 172.33, first set 2 days ago.
