Pound-Yen struggles to make headway in listless market; currently at 174.03 .
Trading week at a glance - GBP/JPY is up to 174.03, after closing yesterday at zero. Overall, a 0% move or 17,402 pips this week. (Trade Pound-Yen with FXTM now).
Nevertheless, data for United Kingdom Construction PMI published yesterday at 08:30 UTC came out at 51.6, beating projections of 51.1 and showing improvement over the preceding figure of 51.1.
At the same time, United Kingdom Composite PMI came out at 54, while a consensus of analysts was expecting 53.9. United Kingdom Services PMI released Monday with a figure of 55.2, while the previous figure was 55.9. United Kingdom Manufacturing PMI came out at 47.1. United Kingdom Mortgage Rate (GBP) (May) released today at 08:50 UTC with a figure of 7.44, while the previous figure was 7.35.
Outlook for rest of the week: Positive indicators for Pound-Yen are expected going forward as United Kingdom Average Earnings Index +Bonus is expected Tuesday.
The market is looking forward to the release of new data: United Kingdom Claimant Count Change (May) is expected Tuesday. United Kingdom GDP (YoY) (Apr) scheduled to come out Wednesday.