GBP/JPY edges into another daily high above 188.00 on Thursday

GBP/JPY tipped into a fresh daily high above 188.00 on the pair’s march toward all-time highs above 189.00 with the Pound Sterling (GBP) climbing on market confidence that the Bank of England (BoE) is on pace to begin cutting interest rates by August, while the Bank of Japan (BoJ) remains planted in a firmly dovish monetary policy stance for the foreseeable future, driving the Japanese Yen (JPY) into the floorboards.