GBP/JPY continues downside rebalance after rate differential changes courseThe Guppy declined to 190.30 on Thursday after a downward shift in the Bank of England's (BoE) main reference rates helped to trim the top off of the GBP/JPY's wide interest rate differential, giving the Yen a chance to recover ground and pushing down the Pound Sterling.
Source: GBP/JPY continues downside rebalance after rate differential changes course (https://www.fxstreet.com/news/gbp-jpy-continues-downside-rebalance-after-rate-differential-changes-course-202408012135)