Final GDP as well as total business investment data for the second-quarter is expected to remain unchanged. Over the weekend, PM Johnson stated that he will not resign as this could result in a Brexit delay. As the political impasse continues and the Brexit deadline is approaching, the British Pound is expected to come under more pressure which will push the GBPJPY further to the downside. How will today’s UK economic data impact price action? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this trade!

Economic data out of Japan showed a bigger-than-expected contraction in preliminary industrial production for August in a sign that the global economic slowdown is in full swing. This was countered by a bigger-than-expected rebound in retail sales, but the housing sector came in much worse than anticipated. This mixed bag of economic data kept the GBPJPY sliding lower as Brexit uncertainty is overshadowing economic weakness out of Japan. Will price action extend its sell-off? This morning’s fundamental analysis will take a look at the downside potential as well as the upside risk in this currency pair.