[GBP/JPY] Expected Rate Cuts in Fiscal Year 2025
Last year, the GBP/JPY showed steady movement, starting around 184 yen, rising to the low 208 yen range, then dropping to around 180 yen before recovering to 200 yen. However, …
[GBP/JPY] Five Consecutive Days of Gains
On December 19, the Bank of England (BOE) decided not to lower interest rates during its meeting. As a result, GBP/JPY rose for the fifth day in a row. It …
[GBP/JPY] UK GDP
Yesterday, the UK GDP for the July-September period was announced at 1.9%, which was lower than the expected 1.0%. However, there was no noticeable market reaction. At last week’s Bank …
[GBP/JPY] Bank of England (BOE) and Bank of Japan (BOJ)
The FOMC meeting had a hawkish tone, leading to a broad rise in the dollar. At the same time, New York stock prices dropped sharply, causing risk-averse yen buying. As …
[GBP/JPY] BOE Rate Cut
Last week, GBP/JPY reached a nearly three-month high of 199.80 after Chancellor Reeves announced a £40 billion tax increase, higher insurance premiums, and an upward adjustment to the inflation target. …
[GBP/JPY] Symmetrical Triangle Pattern
Looking at the daily chart for GBP/JPY, we can see a symmetrical triangle pattern forming, and it seems to be nearing a breakout point soon, where it will either go …