GBP/JPY recovered from a recent plunge on Thursday, bouncing back over the 203.00 handle.
GBP/JPY pumped the brakes on a recent decline to give a meager bounce. UK labor data printed slightly better than expected, helped to bolster the Pound. Japanese National CPI inflation, UK Retail Sales in the barrel for Friday. GBP bidding fell just short of reclaiming 204.00 through Thursday’s market session, and the Guppy is grinding out a recovery after suspected “Yenterventions” pushed the Yen higher across the board.
GBP/JPY hourly chart GBP/JPY daily chart Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling is the oldest currency in the world and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, aka ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders , and EUR/GBP .
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