Pound tumbles vs yen

Pound tumbles vs yen

On Tuesday, the British pound sank versus the Japanese yen after a suspected terrorist attack at a concert in Manchester, while the common currency hovered close to a six-month peak versus the greenback after German Chancellor Angela Merkel told that the euro happened to be too weak.

The British pound declined 0.2%, hitting 144.36 yen, having weakened to as much as 144.06.

Police told that as a result of an explosion at the end of a concert by American singer Ariana Grande in Manchester up to 19 died more than 50 were injured on Monday.

The safe-haven yen managed to advance versus key peers, including the greenback and euro. However, its profits were moderate.

The greenback tumbled 0.2%, hitting 111.100 yen, having sagged to 110.860. The common currency lost 0.2%, being worth 124.860 yen.

The common currency rose 0.1%, trading at $1.1247, having hit $1.1264 overnight, its highest value since November 9.

The dollar index lost went down 0.1%, reaching 96.882.


The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

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Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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