After ending yesterday at 166.85, Pound-Yen drifts up to 166.85 (up 16,685 pips) .
A good end to the trading week, GBP/JPY is up to 166.85, after closing yesterday at zero. Overall, a 0% move or 16,685 pips this week. (Trade Pound-Yen with FXTM now).
On the flip side, highly important Retail Sales data from United Kingdom beat analyst expectations of 0.3% with a reading of 0.6%. United Kingdom Average Earnings Index +Bonus released Tuesday is better than expected at six but down from preceding data of 6.1 according to new data. GDP in Japan fell short of market expectations (0.3) with a reading of -0.3, continuing the decline from the previous figure of 1.1.
Meanwhile, United Kingdom Consumer Price Index released Wednesday with a figure of 11.1%, while the previous figure was 10.1%. United Kingdom Claimant Count Change (Oct) came out at 3,300, while a consensus of analysts was expecting 17,300.
Also worthy of note, United Kingdom Services PMI is expected Wednesday. United Kingdom Composite PMI is expected Wednesday. United Kingdom Manufacturing PMI is expected Wednesday.