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GBP/JPY falls as weak UK GDP data weigh on the Pound
The British Pound (GBP) weakens against the Japanese Yen (JPY) on Friday as Sterling comes under broad pressure following a batch of weaker-than-expected UK economic data. At the time of writing, GBP/JPY is trading around 211.50, retracing all the gains recorded earlier this week.
Fxstreet
Fri, Mar 13
GBP/USD: Stagflation risks grow on flat UK GDP – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports that GBP/USD has dropped below 1.3300 and remains vulnerable after UK GDP unexpectedly stalled in January. Zero monthly growth leaves output below the Bank of England’s Q1 projection.Fxstreet
Fri, Mar 13
NZD/USD falls for fourth day as Middle East war bolsters US Dollar
NZD/USD extends its decline on Friday, trading around 0.5820 at the time of writing and down 0.58% on the day. The pair records a fourth consecutive daily loss as the US Dollar (USD) strengthens amid rising geopolitical tensions and renewed inflation concerns.
Fxstreet
Fri, Mar 13
Yen Nears 160 Mark Again, Is Japan Intervention Imminent?
TradingKey - As the US dollar continues to strengthen, the Japanese yen is again approaching a key psychological level. During Friday's Asian trading session, USD/JPY rose toward the 160 level. The yen's persistent depreciation against the dollar has fueled market speculation that Japanese authoritiTradingKey
Fri, Mar 13
EUR/GBP holds gains above 0.8600 on weak UK GDP data
The EUR/GBP cross holds positive ground near 0.8630 during the early European session on Friday. The Pound Sterling (GBP) weakens against the Euro (EUR) after the release of UK economic data. The Eurozone Industrial Production report for January will be published later on Friday.Fxstreet
Fri, Mar 13
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