GBP/JPY Exchange Rate Today, Forecast & News

GBP/JPY
British Pound - Japanese Yen
Closed
197.760+3.11300 (+1.60%)
As of: Apr 26, 2024 22:00 UTC
Open
194.646
High
197.956
Low
193.948

Stats

Prev. Close

194.647

Open

194.646

Day's Range

193.948 - 197.956

52 Week Range

166.453 - 197.956

YTD Change

9.93%

1 Year Change

18.83%

Economic CalendarAll Events

Time zone: GMT

Thursday, April 25th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
10:00	GBP	CBI Distributive TradesApr	Medium	-44	-2	2
23:01	GBP	Gfk Consumer ConfidenceApr	Medium	-19	-20	-21

Friday, April 26th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
03:00	JPY	BoJ Interest Rate Decision	High	0.1%	0.1%	0.1%
03:00	JPY	BoJ Quarterly Outlook Report	Medium

Monday, April 29th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
23:30	JPY	Unemployment RateMar	Medium		2.5%	2.6%
23:50	JPY	Retail Sales YoYMar	Medium		2.2%	4.6%
23:50	JPY	Industrial Production MoM PrelMar	Medium		3.4%	-0.6%

GBP/JPY

The major cross-pairing is nicknamed "the dragon" and is considered to be a barometer of the global economy. In periods of economic and market stress expect downward pressure to be exhibited. As a safe haven currency, the Yen finds support in perids of political and economic uncertainty. Energy prices are also a driving force, with Japan a heavy importer of both crude oil and natural gas. The dragon is the equal 7th most liquid pairing, accounting for 4% of total transaction volume in the FX market.

	Japan		United Kingdom
Interest Rate	0.1% Apr 24		5.25% Mar 24
Inflation Rate	2.7% Mar 24		3.2% Mar 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	A1Stable	A+Stable	Aa3Stable	AAStable