Tue, 24 May 2022 09:24:48 GMT
GBP/JPY drops due to UK PMIs
On Tuesday morning, the GBP/JPY currency exchange rate plummeted, as the Pound dropped due to a lot lower Purchasing Managers Index survey results. Namely, the UK Services PMI came in at 51.8, compared to the forecast of 56.9. By 09:30 GMT, it appeared that the decline had found support in the 159.00 level.
If the pair declines, support could be found