After ending yesterday at 158.41, Pound-Yen increases slightly to 158.41 (up 15,841 pips) .
Trading week at a glance - GBP/JPY is up to 158.41, after closing yesterday at zero. Overall, a 0% move or 15,841 pips this week. (Trade Pound-Yen with FXTM now).
Meanwhile, United Kingdom Manufacturing PMI released Friday with a figure of 48.5, while the previous figure was 47.3. United Kingdom Services PMI came out at 49.2, while a consensus of analysts was expecting 50. United Kingdom Composite PMI released Friday with a figure of 48.4, while the previous figure was 49.6. Fresh CFTC JPY speculative net positions data from Japan came out at -81,300. United Kingdom CFTC GBP speculative net positions released Friday with a figure of -54,800, while the previous figure was -68,100.
Outlook for rest of the week: Positive indicators for Pound-Yen are expected going forward as projections for United Kingdom GDP are set for a continuation of decline with -0.1 while previous data was 0.8; data will be released tomorrow at 06:00 UTC. United Kingdom GDP projected to come out at 2.9% — worse than previous data of 8.7%; data will be released tomorrow at 06:00 UTC.
Furthermore, the market is looking at United Kingdom Composite PMI figure is projected at 50.9. It previously stood at 48.4; data will be released Wednesday.