GBP to JPY Exchange Rate Capitalising on Market's Coronavirus Vaccine Optimism
February 16, 2021 - Written by Minesh Chaudhari Despite a lack of surprising Japanese data lately, the British Pound to Japanese Yen (GBP/JPY) exchange rate has been surging higher. The Pound continues to capitalise on the global market’s coronavirus recovery hopes, while the Japanese Yen tumbles as investors see less reason to hold onto safe havens. Inflation and PMI data could influence movement later in the week, but coronavirus vaccine news is likely to remain the focus. Since markets opened this week, GBP/JPY has already seen stronger gains than last week. GBP/JPY opened last week at...
Source: currencynews.co.uk