JPYGBP JPY/GBP
- 0.004981
- -0.000005-0.10%
JPY/GBP News
GBP/JPY Shrugs off UK Data Misses to Test Fresh 16-year High
GBP/JPY found a new 16-year high of 200.95 on Wednesday, with Guppy bidders shrugging off a steep miss in UK manufacturing activity as the Yen continues to weaken across the board.
UBS Now Sees Bank of England Starting to Cut Rates in August Vs. Earlier View of June
UBS said it shifted its call for the first Bank of England (BoE) rate cut from June to August, implying no change from the Monetary Policy Committee (MPC) at the next meeting on June 20.
Pound Sterling Edges Higher After April GDP Stalls in Line With Expectations
Pound sterling edged higher against a softer US dollar and rose against some other major currencies in early European trade on Wednesday after government data showed the UK economy stalling in line with expectations in April.
U.K. Is Growing, Though Trend Is Unclear -- Market Talk
The U.K. is likely to grow over the second quarter despite stagnation in April, ING economist James Smith writes in a note.
Pound Sterling Steadies After UK GDP Data Shows Economy Stalled in April
The Pound Sterling (GBP) rallies to near 1.2850 against the US Dollar (USD) in Wednesday’s New York session.
UK Economy Stalled in April After Wet Weather Held Back Retail
A rebound from last year’s recession appears to be losing momentum after the highest interest rates in 16 years continued to weigh down the finances of both businesses and consumers.
UK GDP Arrives at 0% MoM in April, as Expected
The UK economy stalled in April, with GDP arriving at 0% after expanding 0.4% in March, the latest data published by the Office for National Statistics (ONS) showed on Wednesday. Markets expected no growth in the reported period.
Japan's Producer Inflation Hits Fastest Clip in Nine Months
The pace of gains in Japan’s producer prices quickened more than expected in May, registering the fastest clip in nine months, adding to signs of simmering inflationary pressure ahead of the Bank of Japan’s meeting this week.
Producer prices in Japan have increased at the fastest pace in nine months, adding to the accumulated signs of inflationary pressure.
Japan's producer price growth in May exceeded expectations, reaching the fastest growth rate in nine months, exacerbating signs of inflationary pressure on the eve of the Bank of Japan meeting this week. The Bank of Japan announced on Wednesday that the indicator measuring Japanese business input prices rose 2.4% year-on-year. This increase exceeded economists' expectations of 2%, mainly due to the increase in wind power surcharges. The price index rose 0.7% month-on-month, the largest increase in 18 months. The report showed that the cost of imported materials denominated in yen rose 6.9%, the largest increase since March last year, indicating that the yen-dollar exchange rate touched on April 29.
Japan's Producer Prices Climb 2.4% in May
Producer prices in Japan grew 2.4% year over year in May, faster than the revised reading of a 1.1% growth in April, marking the highest producer inflation rate since October 2023, preliminary data from the Bank of Japan on Wednesday showed.
In May, 50,000 people were laid off in the United Kingdom, but the salary increased to 5.9%, making the outlook for the Bank of England's interest rates more complex.
In May, the United Kingdom laid off 50,000 people, and the unemployment rate rose to 4.4%. The average income, including bonuses, increased from 5.7% to 5.9%. The Bank of England will formulate policies next week, and may lay the foundation for economic recovery by reducing interest rates in the second half of the year as overall inflation decreases.
As of April, the United Kingdom's unemployment rate for the first three months is 4.4%, the highest in two and a half years.
As of April, the UK's unemployment rate for the three months unexpectedly rose to the highest level in more than two and a half years, while the pressure for pay rises in the private sector eased, further proving that inflationary forces are weakening. The UK's National Statistics Office said on Tuesday that the unemployment rate rose to 4.4% in the three months to April, the highest level since mid-2021. The average weekly wage growth in the private sector was 5.8%, the lowest level in two years, despite a nearly 10% increase in the minimum wage. These data give hope to policymakers at the Bank of England that they may begin to cut interest rates at the end of this summer, led by Governor Andrew Bailey and other officials.
UK Unemployment Rises in Sign Inflationary Pressures Cool
Job vacancies dropped by 12,000 in the quarter to 904,000, the 23rd consecutive fall. That’s still above levels before the Covid-19 pandemic hit.
GBP/JPY Remains Firm Above 200.00 Following the Mixed UK Employment Data
The GBP/JPY cross trades in positive territory for the third consecutive day around 200.10 during the early European session on Tuesday.
UK Unemployment Rate Rises to 4.4% in Quarter to April Vs. 4.3% Expected
The UK Unemployment Rate rose to 4.4% in three months to April.
Japanese Yen Declines as BoJ Is Expected to Maintain Its Current Interest Rates
The Japanese Yen edges lower as the BoJ is expected to maintain its current interest rates on Friday.
BOJ Could Stand Pat in June, Reduce JGB Purchase Pace Gradually -- Market Talk
The Bank of Japan may keep its short-term policy rate target unchanged in June, but is expected to come out with more communication around its Japanese government bond purchases, say HSBC Global Research economists in a note.
GBP/JPY Continues to Battle 200.00 Region With BoJ in the Pipeline
GBP/JPY continues to churn around 200.00 in choppy intraday action on Monday, extending a near-term consolidation phase as both currencies grapple with disappointment in economic data.
Pound Sterling Falls as Traders Rollback Fed Rate-cut Bets
The Pound Sterling (GBP) seems vulnerable against the US Dollar (USD), slightly below the round-level support of 1.2700 in Monday’s New York session.
The prospect of the Bank of Japan's monetary policy is uncertain in the face of the difficult economic recovery.
The latest data shows that Japan's economy has shown almost no signs of a clear recovery, and its contraction is smaller than the initial estimate, which gives policymakers ample reason to continue to be cautious as the Bank of Japan considers the timing of its next rate hike.