Pound/Yen nudges down to 155.09 after starting the week at 155.66 (down 0.37%) .
A bearish end to the trading week, GBP/JPY recovering back almost all the way to 155.66 after dipping down to 154.73. (Start trading Pound/Yen at FXTM today).
This downslide might be related to financial indicators data published earlier as data for United Kingdom Construction PMI released today at 8:30 AM comes out at 64.2, beating projections of 62.3 and showing improvement over the preceding figure of 61.6. Data for United Kingdom Composite PMI released yesterday at 8:30 AM comes out at 62.9, beating projections of 62 and showing improvement over the preceding figure of 62.
Meanwhile, data for Japan Household Spending (MoM) (Apr) released yesterday at 11:30 PM is better than expected with 0.1, but worse than previous figure of 7.2.
Positive performance however can be seen looking at other symbols as after 4 months, EUR/NZD hits a fresh high at 1.701. EUR/AUD hits 1.5851, highest price in 4 months. Dollar/Yen rallies beyond 110.33 for the first time in 2 months.