Sterling faces downward pressure against the Yen, trading at 212.93 as investors position themselves ahead of the Bank of England's upcoming interest rate decision.
The pound is down 0.16% to near 212.93 yen in Thursday's European session, with traders cautious before the Bank of England announcement at 12:00 GMT. That pre-decision softness points to a lower GBP/JPY over the next few days, but the actual BoE outcome is unknown and could quickly reverse the move.
The pound is 0.16% lower at near 212.93 yen as traders wait for the BoE announcement at 12:00 GMT.
At 12:00 GMT on Thursday.
The British Pound trades lower against the Japanese Yen, declining 0.16% to 212.93 during Thursday's European session. Market participants are exercising caution as they await the Bank of England's monetary policy announcement scheduled for 12:00 GMT.
The pair is under pressure as traders adopt a cautious stance ahead of the Bank of England's monetary policy announcement.
The Bank of England is scheduled to announce its monetary policy decision at 12:00 GMT on Thursday.