Friday’s trade saw GBP/JPY within the range of 176.06-178.60. The pair
closed at 176.99, losing 0.70% on a daily basis. The cross gained 0.25%
for the whole week, which followed four consecutive weeks of losses. On
Monday (February 2nd) GBP/JPY may be influenced by a number of
fundamentals, as listed below.
Fundamentals
United KingdomManufacturing PMI
Activity in United Kingdom’s sector of manufacturing probably slightly improved in January, with the corresponding PMI coming in at a reading of 52.8, according to the median forecast of experts, up from 52.5 in December. If so, this would be the 23rd consecutive month, when the PMI stood above the key level of 50.0. The index is based on a survey, encompassing managers of companies, that operate in sectors such as manufacturing, mining, utilities.
Read more at Click here / www.trade4x.net
Fundamentals
United KingdomManufacturing PMI
Activity in United Kingdom’s sector of manufacturing probably slightly improved in January, with the corresponding PMI coming in at a reading of 52.8, according to the median forecast of experts, up from 52.5 in December. If so, this would be the 23rd consecutive month, when the PMI stood above the key level of 50.0. The index is based on a survey, encompassing managers of companies, that operate in sectors such as manufacturing, mining, utilities.
Read more at Click here / www.trade4x.net
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