GBP/JPY hobbled at 140.00 as markets spread the middle

• Risk-based pairs struggle to pick up momentum ahead of News Year’s.
• The Guppy remain constrained at thie  140.ebeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

GBP/JPY continues to grind sideways around the 140.00 major handle as broader markets see overall sentiment remain hung in the middle.

Economic data is clear for the rest of Monday’s thin action, though markets will likely remain trepidatious ahead of the New Years holiday after Chinese Manufacturing PMI missed the mark.

Heading into January, the Sterling will be facing down a resh volley of political headlines, with Prime Minister Theresa May’s Brexit withdrawal proposal finally set to make the rounds of the UK’s House of Commons prior to a parliamentary vote on the bill, which looked set for a failure in December, but May and her allies are hoping to squeeze more yes votes out of naysayers by running down the Brexit clock. PM May will be facing her own vote in the UK’s parliament in January, when the UK’s House of Commons is also expected to begin with a no-confidence vote in PM May, tabled by the UK’s main opposition Labour Party.

GBP/JPY Technical Levels