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GBP/JPY continues downside rebalance after rate differential changes course

Started by forex4you, Aug 02, 2024, 06:44 am

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Aug 02, 2024, 06:44 am
GBP/JPY continues downside rebalance after rate differential changes course

The 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
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