GBP/JPY strengthened following an increase in the UK's PMI.

Create at 2 weeks ago (Apr 02, 2024 20:34)

The robust recovery of the UK's manufacturing PMI indicates a resurgence in household spending, boosted by growing expectations that the Bank of England (BoE) may start raising interest rates sooner due to sustained decreases in inflation rates.


At the British Retail Consortium (BRC) meeting, it was revealed that inflation increased by 1.3% in March, marking the slowest rate of increase in a year due to downward adjustments in food and non-food prices.


In Japan, there remains uncertainty about the Bank of Japan's (BoJ) interest rate trends, which could further weaken the Japanese yen. The BoJ is expected to seek appropriate policy measures amid concerns about wage growth.


Source: Fxstreet
GBP/JPY news today

Today last price 190.57
Today Daily Change 0.23
Today Daily Change % 0.12
Today daily open 190.34
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