GBP/JPY: Pound awaits Bank of England meeting - "dovish" market expectations may support the British currency

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Back Fundamental analysis

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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12.12.2023 11:57 PM

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12.12.2023 11:57 PM

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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