The Great Britain pound climbed today versus the Japanese yen after the reports today showed that Britain’s retail sales and services industries improved, renewing the talks about the possible interest rates hike. The currency also gained against the US dollar, but lost most of its gains by now.
The Confederation of British Industry Distributive Trades Survey showed that there were 15 percent more retail traders whose volume of sales increased in March than those whose sales declined this month. The UK service sector rose 1.3 percent from December to January, with the largest contributors being the business and finance services.
GBP/JPY jumped from 133.02 to 133.61 before trading at about 133.11 as of 13:21 GMT. GBP/USD retreated to 1.6021 after the jump from 1.6009 to 1.6081.
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