GBPJPY Pound Sterling vs Japanese Yen

The British pound strengthened against the other major currencies in the early European session on Friday amid risk appetite, as the European shares rose with underlying sentiment supported by rebounding oil prices and news of an agreement between world powers to implement a nationwide "cessation of hostilities" in Syria.

The U.K.'s FTSE 100 index is currently up 1.60 percent or 88.62 points at 5,625, France's CAC 40 index is up 1.37 percent or 53.51 points at 3,950 and Germany's DAX is up 1.35 percent or 118.37 points at 8,871.

Data from the Office for National Statistics showed that the U.K. construction output rose 1.5 percent month-over-month in December, reversing a 1.1 percent drop in November. The expected rate of increase was 2.0 percent. On an annual basis, construction output climbed 0.5 percent at the end of the year, below economists' expectations for a 0.8 percent rise. In November, output had fallen 0.9 percent.

In the whole year 2015, total output in the construction industry advanced 3.4 percent compared with 2014.

Meanwhile, the house building sector rose at its fastest rate since the middle of 2014. The output grew 4.1 percent in the quarter, after a 5.7 percent decline in the previous quarter.

In the Asian session today, the pound held steady against its major rivals.

In the early European trading, the pound rose to a 2-day high of 1.4199 against the Swiss franc, from an early low of 1.4062. The pound is likely to find resistance around the 1.45 area.

Against the U.S. dollar, the yen and the euro, the pound advanced to 1.4549, 163.87 and 0.7758 from early lows of 1.4459, 161.66 and 0.7828, respectively. If the pound extends its uptrend, it is likely to find resistance around 1.47 against the greenback, 172.00 against the yen and 0.75 against the euro.

Looking ahead, U.S. import price index and retail sales data for January, U.S. business inventories for December and U.S. University of Michigan's final consumer sentiment index for February are due to be released in the New York session.

At 10:00 am ET, Federal Reserve Bank of New York President William Dudley will participate in a panel discussion about the Household Debt and Credit Report at the Federal Reserve of New York.

Sterling vs Yen (FX:GBPJPY)
Gráfico Histórico de Câmbio
De Mar 2024 até Abr 2024

Sterling vs Yen (FX:GBPJPY)
Gráfico Histórico de Câmbio
De Abr 2023 até Abr 2024