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April 22, 2023A quick look at yesterday: Pound-Yen dipped as low as 165.5 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (167) with GBP/JPY closing the day at 166.89.
Meanwhile, United Kingdom Manufacturing PMI released yesterday at 08:30 UTC with a figure of 46.6, while the previous figure was 47.9. United Kingdom Services PMI came out at 54.9, while a consensus of analysts was expecting 53. United Kingdom Composite PMI came out at 53.9, while a consensus of analysts was expecting 52.6.
Though Pound-Yen has been dropping, other pairs have been performing better: notably, GBP/NZD rose 0.73% yesterday and closed at 2.0122. EUR/NZD added 0.85% and closed around 1.7752 yesterday. EUR/AUD is trading around 1.6419 after ending yesterday's session at 1.6265 (up 0.94% today).
The currency pair has been trending positively for about 2 months. As things stand, Pound-Yen is 15.47% away from a significant low of 144.6 first set 6 months ago.
