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June 12, 2023After a mostly steady day, GBP/JPY loses 78 pips late into the session, trading at 174.55.
In the meantime, negative performances are also seen in other pairs as GBP/USD drops 0.68% to trade around 1.2496.
Though Pound-Yen has been dropping, other pairs have been performing better: USD/CHF gained 0.76% and is currently trading at 0.9096. Having closed the previous session at 0.8544, EUR/GBP is up 0.66% today to currently trade at around 0.86.
Looking ahead, ongoing depreciation may be prolonged as United Kingdom Average Earnings Index +Bonus is projected to outperform its last figure with 6.1. It previously stood at 5.8; data will be released tomorrow at 06:00 UTC.
Furthermore, United Kingdom Claimant Count Change (May) is scheduled for tomorrow at 06:00 UTC. United Kingdom BoE Gov Bailey speech scheduled to come out tomorrow at 14:00 UTC.
The currency pair has been trending positively for about a month. Pound-Yen now trading 8.5% above its 3-month low of 144.6.
