GBP/JPY extends its weekly rally to hit a two-month peak above 213.00, showing resilience after an early intraday dip as traders await the upcoming Bank of England policy announcement.
The GBP/JPY pair rose to a fresh two-month high above 213.00 on 4 November, up 0.20% for the day, extending a one-week uptrend. The move comes ahead of the Bank of England decision on Thursday, which could drive further volatility. The modest daily gain and lack of fundamental detail limit the impact.
Just below mid-213.00s, up around 0.20% for the day.
Thursday.
The British Pound climbed to a fresh two-month high against the Japanese Yen, trading near 213.50 during Wednesday's European session. The 0.20% gain extends a week-long uptrend as market participants position themselves ahead of the Bank of England's interest rate decision scheduled for Thursday.
The pair is rising as traders position themselves ahead of the Bank of England's interest rate decision on Thursday, extending a week-long uptrend.
The pair recovered from an intraday dip toward the 212.00 level to reach a fresh two-month high near 213.50.