Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke below the key level of 137.
Last Friday, the UK and Japan formally signed a free trade agreement. Also, in an effort to aid the EU in striking a trade deal with the UK, French President Emmanuel Macron is willing to compromise France’s fishing industry with a smaller fishing quota.
The UK flash PMI data released last Friday indicated a slowdown in business activities especially in the services sector due to tighter COVID-19 restrictions across the hospitality sector and the impact of local lockdowns on general consumer spending.
Look for buying opportunities of GBP/JPY.
Last Friday, the UK and Japan formally signed a free trade agreement. Also, in an effort to aid the EU in striking a trade deal with the UK, French President Emmanuel Macron is willing to compromise France’s fishing industry with a smaller fishing quota.
The UK flash PMI data released last Friday indicated a slowdown in business activities especially in the services sector due to tighter COVID-19 restrictions across the hospitality sector and the impact of local lockdowns on general consumer spending.
- Flash Manufacturing PMI (Actual: 53.3, Forecast: 53.2, Previous: 54.1 revised 54.3)
- Flash Services PMI (Actual: 52.3, Forecast: 53.4, Previous: 56.1 revised from 55.1)
Look for buying opportunities of GBP/JPY.
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