GBP/JPY — News Archive


Pound Falls Against Dollar for Second Session on Dovish BoE Speeches

The Sterling pound fell against the resurgent dollar on February’s last trading day as institutional money managers rebalanced their portfolios to close the month. The GBP/USD currency pair fell for the second consecutive day as the dollar surged higher amid concerns that too much stimulus could be bad for the British economy.

Pound Rallies on Upbeat UK Jobless Claims Data, Later Heads Lower

The Sterling pound rallied to new 34-month highs against the dollar boosted by the British government’s 4-step reopening plan, which could boost the UK’s economic recovery. The GBP/USD currency pair was also boosted by the drop in the UK unemployment numbers recorded in January. The number of jobless claims fell, indicating that the economy was doing good.

Pound Rallies Despite Weak UK Retail Sales as COVID-19 Infection Rate Falls

The Sterling pound rallied to new highs despite the disappointing UK retail sales data released earlier today that almost derailed its rise, but the bulls prevailed. The GBP/USD currency pair rallied to new 34-month highs driven by the declining UK coronavirus infection rates and optimism about the country’s reopening.

Sterling Falls Despite Upbeat UK Inflation As Dollar Rallies on Stimulus Hopes

The Sterling pound fell against the dollar despite the release of upbeat UK inflation data as the greenback remained supported by the rising US Treasury yields. The GBP/USD currency pair fell from fresh 34-month highs hit yesterday as the dollar continued to benefit from the $1.9 trillion US stimulus package’s broad expectations.

Japanese Yen Weak as Trading Starts with Optimism

The Japanese yen was very weak today, demonstrating significant losses against all other most-traded currencies. Analysts explained the weakness by the market sentiment that was favorable to riskier currencies. Japan’s better-than-expected macroeconomic reports added to the traders’ optimism.

Pound Falls Against Dollar Despite Upbeat UK GDP Data, Rallies Briefly

Today, the Sterling pound fell against the dollar despite the release of upbeat UK macro data as investor sentiment towards the pound remained bearish. The dollar’s recovery also fueled the GBP/USD currency pair’s decline as investors remained cautious about the UK-EU Northern Ireland border standoff.

Pound Inches Higher Against Dollar on Positive UK Macro Outlook

The Sterling pound inched higher against the dollar fueled by the positive the fast rollout of the coronavirus vaccine in the country as compared to its peers. The GBP/USD currency pair’s rally was also fueled by investor optimism about Britain’s economic recovery since the government might ease restrictions earlier than expected.

Pound Falls Against Strong Dollar, Later Recovers on BoE Rate Decision

The Sterling pound today fell against the much stronger dollar in the first half of the day’s session driven by the predominantly risk-off market sentiment. The GBP/USD currency pair recouped all its losses and turned positive after the Bank of England announced its hawkish interest rate decision.

Pound Falls Then Rallies on Upbeat UK Jobs Data and Risk-On Mood

The Sterling pound initially fell against the dollar due to the prevailing risk-off market sentiment but later rallied on upbeat UK jobs data and a shifting mood. The GBP/USD currency pair later recouped all its earlier roses and printed new daily highs as the greenback fell amid a spike in investor risk appetite.

Pound Falls on Weak UK Retail Sales, PMI Data, and PM Johnson Speech

The Sterling pound today fell against the dollar amid a deluge of disappointing UK macro reports that painted a discouraging picture of the country’s economy. The GBP/USD currency pair was also weighed down by the prospect of the UK coronavirus lockdown measures being extended for more months.