GBP/JPY recovers modest intraday losses, flat-lines just below mid-173.00s – by hareshmenghani GBPJPY China RiskAppetite BOE Currencies
or the second successive day. Spot prices recover a major part of the intraday losses and currently trade just below mid-173.00s, nearly unchanged for the day.
A combination of factors provides a modest lift to the Japanese Yen , which, in turn, prompts some intraday selling around the GBP/JPY cross. The prospect of Japanese authorities intervening in the markets continues to underpin the JPY, which draws additional support from a generally weaker tone around the equity markets.
The downside for the GBP/JPY cross, however, remains cushioned on the back of firming expectations that the Bank of England will be far more aggressive in policy tightening to contain stubbornly high inflation. In fact, investors expect the UK central bank to raise interestagain from 4.5% to 4.75% on June 22 and see a roughly 60% chance that rate will peak at 5.5% later this year.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GBP/JPY returns above 173.00 despite a decline in UK consumer spendingThe GBP/JPY pair has shown a V-shape recovery after printing an intraday low of 172.68 in the European session. The cross witnessed a stellar buying i
Leer más »
GBP/JPY slides below the zone at 173.00 following British economic dataDuring Monday’s session, the Sterling Pound weakened across the board, trading in the 174.36 - 172.85 range and failing to capitalize on rising Britis
Leer más »
GBP/JPY Price Analysis: Faces pullback as rising wedge emerges despite bullish indicatorsGBP/JPY registers back-to-back negative sessions, sponsored by risk aversion; though technical indicators suggest further upside, price action means t
Leer más »
GBP/JPY extends downside below 174.00 on hopes of BoJ’s stealth interventionThe GBP/JPY pair has picked significant offers and has extended its reversal move to near 173.58 in the late European session. A fresh seven-year high
Leer más »
Silver Price Analysis: XAG/USD bears flirt with 200-hour SMA, below mid-$23.00sSilver comes under some selling pressure on Wednesday and sticks to its modest intraday losses through the early part of the European session. The whi
Leer más »
Silver Price Analysis: XAG/USD consolidates in a range around mid-$23.00s, 23.6% Fibo. levelSilver continues with its struggle to gain any meaningful traction and oscillates in a narrow trading band for the second straight day on Tuesday. The
Leer más »