GBP/JPY — News Archive

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Pound Sinks After Comments from EU Chief Brexit Negotiator

The Great Britain pound dropped today, falling against all other most-traded currencies. It dropped even versus the Japanese yen, which previously was the weakest currency during Wednesday’s trading. The reason for that was comments from the European Union chief Brexit negotiator.

Yen Soft After Economic Data, BoJ Deputy Governor’s Comments

The Japanese yen was very weak today. In fact, it logged losses against all other most-traded currencies. Domestic macroeconomic data was decent, therefore it could not be the reason for the weakness. Dovish comments of the central bank’s deputy governor, on the other hand, could.

Great Britain Pound Strong on Hopes for Brexit Deal

The Great Britain pound rose today, emerging as the strongest currency on the Forex market on Monday. The most likely reason for the sterling’s amazing performance was hopes for a trade deal between the United Kingdom and the European Union.

Japanese Yen Weak Despite Positive Domestic Reports

The Japanese yen was weak today even though domestic macroeconomic data released on Monday was good. There was no clear theme to drive markets at the start of the week. The week should be eventful, though, with plenty of economic releases basically every single day.

Pound Rallies to 12-Week Highs on AstraZeneca Vaccine, UK PMIs

The sterling pound today surged to 12-week highs against the dollar boosted by news of AstraZeneca’s COVID-19 vaccine given that its a British/Swedish company. The GBP/USD currency pair later trimmed its gains after the dollar surged to new multi-month highs on upbeat US Flash PMIs released by Markit Economics.

Pound Rallies on Upbeat UK Retail Sales Data, Brexit Talks Progress

The British pound today surged higher against the US dollar boosted by the upbeat UK retail sales data, which beat analysts expectations by a wide margin. The GBP/USD currency pair’s rally was also fueled by investor optimism regarding the post-Brexit trade talks ahead of the rapidly approaching December 31st deadline.

Sterling Pound Rallies Against Dollar on Upbeat UK Inflation Data

The Sterling pound today surged against the dollar boosted by the upbeat British inflation report released early in the morning and the positive investor mood. The GBP/USD currency pair’s rally was also fueled by investor hopes that the UK and EU will reach a post-Brexit trade deal before the fast-approaching December 31 deadline.

Yen Gains as Optimism Surrounding Coronavirus Vaccine Wanes

The Japanese yen gained today as optimism about the coronavirus vaccine waned, making safer currencies more appealing to traders.

Pound Falls Against Dollar on Weak UK GDP Data, Brexit Stalement

The Sterling pound today fell against the dollar following the release of weak UK GDP data as the country’s economy expanded less than expected in September. The GBP/USD currency pair’s decline was further fueled by the lack of progress in Brexit negotiations as the December 31st deadline draws near.

Pound Rallies Against Dollar on £150Bln Bank of England Stimulus

The sterling pound today rallied against the dollar after the Bank of England decided to expand its quantitative easing programme by more than expected. The dollar’s overall weakness also boosted the GBP/USD currency pair’s rally as vote-counting in the US Presidential elections showed Biden maintaining his lead.

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