Sterling strengthened against the yen

In trading GBP / JPY European session Friday afternoon (9 / 7) British Pound currency strengthened against the Japanese yen moves and in the range of 134.27. £ forex investors increasingly interested in line with the strengthening of positive sentiment toward the currency, related to the performance expectations of an increase in foreign trade sectors of the UK.

Trade Balance recent data indicators scheduled to be announced by the National Statistics is expected to show an increase performance by decreasing the trade deficit. Indicators Trade Balance expected to be improved to-7.1B (-7.1 billion Pounds Sterling) from the previous value - 7.3B (-7.3 billion Pounds Sterling). Estimation of these pro-Sterling responded by investors on trading GBP / JPY.


Analyst Research Vibiz from Vibiz Consulting suggested that the Sterling currency to trade in this currency pair is expected to still have a potential to strengthen, especially until the data is actually released.

(Http://www.vibiznews.com/mla)