21 May 2015
GBP/JPY hits 190.00 for the first time since 2008
FXStreet (Córdoba) - The pound is rising sharply against the yen on Thursday for the second day in a row boosted by better-than-expected economic data from the UK.
GBP/JPY at fresh 2015 highs
The pair jumped from 187.95 and peaked at 190.01, levels last seen back in September 2008, when the world financial crisis was gathering momentum. After it pulled back modestly and currently trades at 189.75, up 0.67%, headed toward the sixth daily gain in a row.
During the European session, the retail sales report in the UK showed an increase of 1.2% in April above the 0.4% expected; also core sales climbed above market consensus (+1.2% vs 0.3%). The pound continues to rally, extending the movement that start after the UK general elections.
GBP/JPY at fresh 2015 highs
The pair jumped from 187.95 and peaked at 190.01, levels last seen back in September 2008, when the world financial crisis was gathering momentum. After it pulled back modestly and currently trades at 189.75, up 0.67%, headed toward the sixth daily gain in a row.
During the European session, the retail sales report in the UK showed an increase of 1.2% in April above the 0.4% expected; also core sales climbed above market consensus (+1.2% vs 0.3%). The pound continues to rally, extending the movement that start after the UK general elections.