GBPJPY: Comments on GBPJPY today
Today, traders will depend on dollar sentiment, risk appetite and bond market developments. There are no significant data published in Europe:
14:00: Switzerland's October trade balance data
17:15: BOE policymakers will testify before parliament on monetary policy, inflation and the UK's economic outlook
14:00: Switzerland's October trade balance data
17:15: BOE policymakers will testify before parliament on monetary policy, inflation and the UK's economic outlook
Note
Will GBPJPY continue to rise or will it change direction?Note
JP Morgan now says that the Bank of England will deliver a 50 basis point rate cut in the fourth quarter of 2024 compared to the pause throughout 2024 they had previously forecast.
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