The post Rebounds from four-month low of 188.00 appeared on BitcoinEthereumNews.com.

GBP/JPY recovers strongly to near 189.50 as investors digest BoE’s dovish policy outlook. The BoE halved UK GDP growth for the year to 0.75%. BoJ Tamura sees interest rates rising to at least 1% by April 2026. The GBP/JPY pair bounces back to near 189.50 in Friday’s North American session after posting a fresh four-month low of 188.00 earlier in the day. The cross recovers strongly as the Pound Sterling (GBP) outperforms across the board, with investors starting to digest Bank of England’s (BoE) dovish communication on the monetary policy outlook and downwardly revised Gross Domestic Product (GDP) forecasts for the year to 0.75% from 1.5% projected in November. British Pound PRICE Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Swiss Franc.   USD EUR GBP JPY CAD AUD NZD CHF USD   0.11% -0.07% 0.15% -0.09% 0.02% 0.00% 0.40% EUR -0.11%   -0.18% -0.02% -0.20% -0.09% -0.10% 0.28% GBP 0.07% 0.18%   0.17% -0.02% 0.09% 0.09% 0.48% JPY -0.15% 0.02% -0.17%   -0.25% -0.15% -0.18% 0.23% CAD 0.09% 0.20% 0.02% 0.25%   0.09% 0.10% 0.49% AUD -0.02% 0.09% -0.09% 0.15% -0.09%   -0.01% 0.39% NZD -0.01% 0.10% -0.09% 0.18% -0.10% 0.01%   0.39% CHF -0.40% -0.28% -0.48% -0.23% -0.49% -0.39% -0.39%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote). On Thursday, the BoE reduced its key borrowing rates by 25 basis points (bps) to 4.5%,…

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Filed under: News - @ February 7, 2025 3:21 pm