India Business News: The government has held back the release of complete data of the Index of Industrial Production (IIP) for April, as was done for the same month last y
GBP/USD Current price: 1.4171 Brexit and coronavirus-related concerns weighed on the pound.
The UK is expected to report a 2.4% monthly GDP growth for .
5/31/2021 12:23:42 AM GMT | By Anil Panchal
GBP/JPY seesaws near the lower band of two-day-old trading range.
Japan’s Industrial Production, Retail Trade came in mixed.
Stimulus hopes battle covid, reflation woes amid a quiet session.
Off in UK, US could disappoint momentum traders
GBP/JPY extends Friday’s sideways grinds, downbeat of late, around 155.80 as markets in Tokyo kick-start the week’s trading. The risk barometer jumped to the highest since early 2018 on Thursday but cautious sentiment surrounding the British pound (GBP) joins mixed catalysts and the coronavirus (COVID-19) woes from Japan to test the bulls.
Recently, Japan’s Retail Trade for March dropped -4.5% versus +1.2% prior MoM but registered a 12% YoY jump compared to 5.2% previous readouts. Further, preliminary readings of April Industrial Production also followed the suit with MoM figures easing below 4.1% forecast and 1.7% earlier reading to 2.5% whereas y