GBP/JPY crashes after losing 155 pips, breaking down to 166.88.
United Kingdom BoE Interest Rate Decision (Nov) is next today at 12:00 UTC.
Meanwhile, United Kingdom Services PMI released today at 09:30 UTC with a figure of 48.8, while the previous figure was 50. United Kingdom Composite PMI came out at 48.2, while a consensus of analysts was expecting 47.2.
In the meantime, negative performances are also seen in other pairs as GBP/USD is down to 1.1257, losing 135 pips, after closing at 1.1392 in the preceding trading session. AUD/USD is down to 0.6285, losing 65 pips, after closing at 0.6351 in the preceding trading session.
Positive performances can be seen by looking at other currencies as USD/CHF is up 1.02%.
Some optimism can drawn from the fact that as things stand, upcoming United Kingdom Construction PMI data is projected to fall short of market expectations with newly published data of 50.5, following on from the preceding figure of 52.3. New data is set to be published tomorrow at 09:30 UTC.
Furthermore, United Kingdom BoE Interest Rate Decision (Nov) is scheduled for today at 12:00 UTC. United Kingdom BoE Gov Bailey speech set for today at 14:15 UTC.
As things stand, Pound-Yen is 16.48% away from a significant low of 144.6 first set 25 days ago.