Forex
globalreutersNovember 20, 20241 Mins read
GBP/JPY gains a lift after UK consumer price data and fall in safe-haven flows
globalreutersNovember 20, 20241 Mins read GBP/JPY trades higher by about two-thirds of a percent in the 197.30s on Wednesday, after the release of higher-than-expected UK inflation data cemented bets the Bank of England (BoE) will leave its key bank interest rate at a relatively high 4.75% at its December policy meeting, and take a gradual approach to cutting interest rates in the future.
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