After ending the previous trading session at zero, Pound-Yen inches up to 163.21 (down 0%) .
A good end to the trading week, GBP/JPY is up to 163.21, after closing yesterday at zero. Overall, a 0% move or 16,321 pips this week. (Trade Pound-Yen with FXTM now).
This move comes while some more positive signs for Pound-Yen are out as United Kingdom Retail Sales published today at 06:00 UTC came out at -1.6%, falling short of the -0.5% projections and continuing its decline from the previous 0.4% figure. Highly important Manufacturing Production data from United Kingdom beat analyst expectations of 0.4% with a reading of 0.1%.
On the flip side, United Kingdom Average Earnings Index +Bonus beat analyst expectations of 5.4 and the previous reading of 5.2 with new data of 5.5.
At the same time, United Kingdom Consumer Price Index came out at 9.9%, while a consensus of analysts was expecting 10.2%. United Kingdom Claimant Count Change (Aug) released Tuesday with a figure of 6,300, while the previous figure was -14,500.
Also worthy of note, United Kingdom BoE Interest Rate Decision (Sep) is scheduled for Thursday. United Kingdom Composite PMI is expected Friday. United Kingdom Manufacturing PMI is expected Friday.