GBP/JPY — News Archive

    Archives

Yen Gains on Domestic Economic Reports, Market Sentiment

The Japanese yen gained against its major rivals today. While the currency has basically erased its gains versus the US dollar by now, it retained them versus other majors. Domestic macroeconomic reports released over the trading session were good, but the general risk-averse market sentiment likely played a bigger part in the yen’s rally.

Sterling Erases Thursday’s Gains After Theresa May Fails to Renegotiate Brexit Deal

The Great Britain pound crashed today, erasing yesterday’s gains versus a range of major currencies, as UK Prime Minister Theresa May was unable to renegotiate the Brexit deal with the European Union.

Britain’s Pound Rallies After Theresa May Survives Confidence Vote

The Great Britain pound gained today after Britain’s Prime Minister Theresa May survived the no-confidence vote of her party yesterday. While the currency has lost its gains versus the US dollar by now, it kept them against other major rivals.

British Pound Rallies as PM May Expected to Win Leadership Challenge

The British pound today rallied higher from the early European session as analysts predicted that the British Prime Minister will win the leadership challenge from within her party. Most analysts are predicting that Theresa May will win the no-confidence vote scheduled for later today despite 48 Tory MPs submitting letters that triggered the vote.

Japanese Yen Trades with Losses During Wednesday’s Asian Session

The Japanese yen started the Wednesday’s session in the red across the board. The positive market sentiment was the likely reason for the losses of the safe-haven currency, though negative macroeconomic data might have played its part as well.

British Pound Hits New Yearly Lows on Brexit News and Political Uncertainty

The British pound today dropped to new yearly lows in the American session after European Union officials insisted that they would not reopen Brexit negotiations. The pound made an about-turn after rallying higher in the early European session on positive Brexit news from Ireland regarding the Irish backstop amid positive UK jobs data.

British Pound Crashes Against US Dollar on Delay of Crucial Brexit Vote

The Sterling pound today crashed against the US dollar following media reports that the crucial Brexit vote scheduled for tomorrow had been postponed by the Prime Minister. The pound had reacted in a stable fashion earlier in the day following the release of the latest monthly UK GDP estimate, which was in line with expectations.

Pound Declines Ahead of Important Brexit Vote

The Great Britain pound declined against other most-traded currencies today as Brexit worries outweighed positive macroeconomic data released during the European trading session.

British Pound Heads Lower on Barnier and Carney Brexit Warnings

The British pound today dropped to new daily lows following warning comments made by the European Union’s chief Brexit negotiator, Michel Barnier regarding the latest Brexit deal. The pound’s decline was further weighed down by a warning from the BoE Governor Mark Carney that most UK businesses are ill-prepared for a no-deal Brexit scenario.

British Pound Struggles as Markets Await May-Juncker Meeting

The British pound today struggled to find direction as investors adopted a wait and see approach towards the cable even as Theresa May is set to meet Jean-Claude Juncker later today. The pound was relatively stable as it appears that the British Prime Minister has managed to fend off a leadership challenge within her own party from Brexiteer MPs.

Navigation

Menu