GBP/JPY Exchange Rate Today, Forecast & News

GBP/JPY
British Pound - Japanese Yen
Closed
195.107+0.99300 (+0.51%)
As of: May 10, 2024 20:59 UTC
Open
194.118
High
195.249
Low
193.830

Stats

Prev. Close

194.114

Open

194.118

Day's Range

193.830 - 195.249

52 Week Range

167.842 - 200.746

YTD Change

8.46%

1 Year Change

15.98%

Economic CalendarAll Events

Time zone: GMT

Friday, May 10th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
06:00	GBP	GDP Growth Rate YoY PrelQ1	High	0.2%	0%	-0.2%
06:00	GBP	GDP MoMMar	High	0.4%	0.1%	0.2%
06:00	GBP	GDP Growth Rate QoQ PrelQ1	High	0.6%	0.4%	-0.3%
11:15	GBP	BoE Pill Speech	Medium

Tuesday, May 14th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
06:00	GBP	Unemployment RateMar	High		4.3%	4.2%
06:00	GBP	Employment ChangeMar	Medium		-210.0K	-156K
06:00	GBP	Average Earnings incl. Bonus (3Mo/Yr)Mar	Medium		5.3%	5.6%

GBP/JPY

The major cross-pairing is nicknamed "the dragon" and is considered to be a barometer of the global economy. In periods of economic and market stress expect downward pressure to be exhibited. As a safe haven currency, the Yen finds support in perids of political and economic uncertainty. Energy prices are also a driving force, with Japan a heavy importer of both crude oil and natural gas. The dragon is the equal 7th most liquid pairing, accounting for 4% of total transaction volume in the FX market.

	Japan		United Kingdom
Interest Rate	0.1% Apr 24		5.25% May 24
Inflation Rate	2.7% Mar 24		3.2% Mar 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	A1Stable	A+Stable	Aa3Stable	AAStable