Pound-Yen trades at 166.71 after gaining 29 pips (0.18%).
New United Kingdom Retail Sales improved upon the previous -1.5% figure while also exceeding analyst expectations with a reading of 0.6%.
On the flip side, highly important Retail Sales data from United Kingdom beat analyst expectations of 0.3% with a reading of 0.6%.
Meanwhile, United Kingdom Core Retail Sales released earlier showed a marked improvement to 0.3% from the preceding data of -1.5%, but fell short of the 0.6% figure forecast by a consensus of market analysts. Data for United Kingdom Retail Sales published today at 07:00 UTC came out at -6.1%, beating projections of -6.5% and showing improvement over the preceding figure of -6.8%.
Elsewhere, other currency pairs are also gaining ground as NZD/USD is up 0.96%.
Meanwhile, after ending yesterday's session at 1.6908, EUR/NZD lost 129 pips and is trading around 1.6778. GBP/NZD is down 98 pips from the beginning of the session and now trades around 1.9258.
Furthermore, the market is looking at United Kingdom MPC Member Haskel speech is scheduled for today at 17:15 UTC. United Kingdom CFTC GBP speculative net positions is expected today at 19:30 UTC. Japan CFTC JPY speculative net positions scheduled to come out today at 19:30 UTC.
Having set a significant low of 144.6 a month ago, Pound-Yen is trading 15.08% higher.