British Pound underperforms against Japanese Yen ahead of BoE-BoJ policy outcome
The British Pound (GBP) trades 0.3% lower at around 208.50 against the Japanese Yen (JPY) during the European trading session on Thursday. GBP/JPY is under pressure as the British currency underperforms ahead of the Bank of England’s (BoE) monetary policy announcement.
The British Pound faced a slight decline against the Japanese Yen during the European trading session on Thursday, trading at approximately 208.50. This underperformance of GBP against JPY occurred as the British currency struggled to keep up with other major currencies ahead of the Bank of England's (BoE) monetary policy announcement.
The BoE is anticipated to maintain interest rates at 3.75%, with a 6-3 vote split, while it warns of upside inflation risks following the United Kingdom's (UK) headline Consumer Price Index (CPI) growth.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
