12 May 2015
GBP/JPY consolidates around 188.00, after reaching 5-month highs
FXStreet (Córdoba) - GBP/JPY rose after the release of economic data from the United Kingdom and hit 188.36, level last seen back in early December. From the highs pulled back and currently trades at 187.80, up 0.40% for the day, rising for the sixth trading day in a row.
UK economic data
Manufacturing production during March in the UK surpassed expectations by rising 0.4% above the 0.3% expected. The number boosted the pound during the European session.
Recently, the NIESR published its GDP estimations. According to the institute the UK economy grew by 0.4% in the three months to April, versus a downwardly revised 0.3% rise the previous month. The pound remained steady in the market after the NIESR report consolidating gains versus the yen. The retrated of GBP/JPY from the highs so far found support at 187.75.
UK economic data
Manufacturing production during March in the UK surpassed expectations by rising 0.4% above the 0.3% expected. The number boosted the pound during the European session.
Recently, the NIESR published its GDP estimations. According to the institute the UK economy grew by 0.4% in the three months to April, versus a downwardly revised 0.3% rise the previous month. The pound remained steady in the market after the NIESR report consolidating gains versus the yen. The retrated of GBP/JPY from the highs so far found support at 187.75.