GBP/JPY rebounding in broad-market recovery despite UK Retail Sales miss

BY admin admin

The GBP/JPY plummeted below 185.50 in Friday trading after UK Retail Sales broadly missed market forecasts, sending the Pound Sterling (GBP) tumbling, but a midday recover in broad-market risk appetite is seeing the Guppy pare back some of the day's losses as safe havens like the Yen (JPY) get pushed back down.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

Euro climbs to two-week high as ECB meeting looms – heochaua

<p><a href="https://api.addthis.com/oexchange/0.8/forward/facebook/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fnews-events%2Fcentral-banks%2Feuro-climbs-to-two-week-high-as-ecb-meeting

Forex

GBP/USD: A push through 1.3150 is likely in the short run – Scotiabank

<p>Sterling retains a comfortable yield advantage over the USD along the curve which will cushion losses and keep the broader GBP tone positive. After a couple of sessions of downward drift and

Forex

EUR/USD looks soft but scope for losses should remain relatively limited – Scotiabank

EUR/USD eases back to the mid-1.09 area. Economists at Scotiabank analyze the pair’s outlook. Trend and moving average supports are converging in the

Copyright © 2024 | WordPress Theme: Xews Lite