GBPJPY GBP/JPY
- 201.278
- +0.180+0.09%
GBP/JPY News
BoE Set to Leave Interest Rates Unchanged Could Deliver Cautious Message on Inflation
The Bank of England is expected to keep its policy rate unchanged.
With the upcoming election and high inflation in services, the Bank of England may delay its interest rate cut.
Zhixin Finance learned from the APP that the Bank of England will make a monetary policy decision on Thursday. Three weeks ago, British Prime Minister Rishi Sunak's move to call for a general election almost ruled out the possibility of central bank decision-makers announcing interest rate cuts this time. At this interest rate meeting, the Bank of England may acknowledge the decisions they have made. The UK inflation data released on Wednesday only further demonstrated the possibility of continuing to observe the direction of price pressure in the next few weeks. Although UK inflation in May slowed for the first time in nearly three years to the Bank of England's target of 2%, services inflation is still almost three times that level. Investors and analysts expect that the UK's analyst
GBP/JPY Continues Slow Grind Back Into Decade-plus Highs
GBP/JPY is holding staunchly on the high side, trading into the 201.00 handle in thin Wednesday action and keeping pinned close to 16-year highs near 201.60. The Guppy trailed into fresh peaks last week and continues to roil close to the top end despite a near-term knockback below 199.00.
UK Inflation in Line With Expectations but Services Still Too Hot – ING
The latest UK services inflation numbers are a bit disappointing for the Bank of England (BoE), and the latest figure is 0.4ppt above what it had forecast back in the May monetary policy report, ING’ FX Strategist Francesco Pesole suggests.
British pound makes a strong comeback: 3 major market signals hidden behind inflation data and the next move of the Bank of England.
Amidst the complex background of global economy, every fluctuation in the UK's inflation data has become the focus of the market's attention. The latest inflation report not only provides investors with a window into the UK's economic conditions, but also adds new uncertainty to the future trend of the British pound.
U.K. Inflation Data Could Boost Case For August Rate Cut But Future Outlook Unclear -- Market Talk
0859 GMT - U.K. annual headline inflation for May decelerated to 2%, a move that could solidify the case for an interest-rate cut by the Bank of England in August, XTB research director Kathleen Brook
Bets of an August BOE Rate Cut Dashed by High Services Inflation
Traders pared bets that the Bank of England will ease monetary policy in the coming months after data showed services sector inflation remained higher than expected in May.
U.K. Services Inflation Tops BOE Expectations, But August Cut Still in Play -- Market Talk
Despite falling headline U.K. inflation, it's services inflation that matters for the Bank of England and in May it came in higher than expected for the second-straight month, ING economist James Smith says in a note.
Inflation Returns to Bank of England's Target for the First Time in Nearly Three Years
Inflation in the U.K. returned to the Bank of England's target for the first time in nearly three years, data that underscores the central bank will soon join other peers in beginning to reduce interest rates.
Forex Today: Pound Sterling Edges Higher After UK Inflation Data, US Markets Closed
Pound Sterling clings to small gains early Wednesday as investors assess May inflation data ahead of the Bank of England's (BoE) monetary policy announcements on Thursday.
UK's CPI fell to 2% in May for the first time in three years, and service inflation exceeds expectations, shattering hopes for interest rate cuts.
Zhitong Finance app learned that the UK inflation rate has fallen to the Bank of England's target of 2% for the first time in nearly three years. However, for Prime Minister Sunak's political fate to improve before the upcoming election, this milestone event may be too late. The UK National Statistics Bureau said on Wednesday that the consumer price index (CPI) for May fell slightly from 2.3% last month. Although this should keep the central bank on the path of interest rate cuts later this year, inflation in the service sector remains high, which may cause policymakers to remain cautious when taking action. Although, these data will allow Sunak to announce the victory over the cruel life.
Ueda Appears More Confident About Prices, Ex-BOJ Director Says
Bank of Japan Governor Kazuo Ueda is apparently becoming more confident on the outlook for inflation based on his recent comments, according to a former BOJ executive director who finished her term last month.
Pound Sterling Rises After UK Inflation Declines Expectedly
The Pound Sterling moves higher above 1.2700 as the UK inflation cools down further in line with expectations.
UK Inflation Hits 2% Goal for First Time in Almost Three Years
British inflation fell back to the Bank of England’s 2% target for the first time in almost three years, a milestone that likely comes too late to improve the political fortunes of Prime Minister Rishi Sunak before the looming election.
UK's Annual Inflation Eases to 2% in May
Britain's annual inflation rate declined to 2% in May from 2.3% in April, according to data from the Office for National Statistics published Wednesday.
Japan's FinMin Urges Government to Issue Shorter Term Debt to Reduct Interest-rate Risk
Having reviewed a draft proposal, Reuters reported that the Japanese Finance Ministry panel is likely to urge the government to issue shorter-duration debt to reduce interest-rate risk.
Minutes of the Bank of Japan's April meeting: Discussing the acceleration of policy normalization and implying a possible rate hike in July.
Minutes of the meeting show that the board of directors of the Bank of Japan discussed the possibility of accelerating the pace of policy normalization, as the impact of the weak yen on inflation may require a response from the central bank.
Japan's Trade Deficit Widens in April as Imports Offset Export Growth
Japan's trade deficit narrowed to 1.221 trillion yen in May from 1.382 trillion yen a year earlier after a double-digit year-over-year export growth was offset by the increased value of imports amid a
BOJ's Minutes Show Debate on Rate Hikes With Close Eyes on Yen
Bank of Japan board members discussed the possibility of pursuing a faster pace of policy normalization amid ongoing risks that the weak yen’s effect on inflation might force a response by the bank, according to minutes from the April policy meeting.
UK CPI Set to Cool Down Further in May, Reaching BoE's 2% Target
The United Kingdom’s (UK) Office for National Statistics (ONS) will release the May Consumer Price Index (CPI) report on Wednesday at 06:00 GMT.