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GBP/JPY: Pound awaits Bank of England meeting - "dovish" market expectations may support the British currency
The GBP/JPY cross pair has recently
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The GBP/JPY cross pair has recently shown increased volatility. In just two weeks, the pair dropped by a thousand (!) pips. On November 24, an 8-year price high was recorded at 188.63, while on December 7, bears set a two-month low at 178.63. However, the bearish momentum quickly faded: on Monday, the cross returned to the 184 handle. Such mood swings are solely due to the Japanese yen's behavior, with the pound being the proverbial "dance partner." However, the situation
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