GBPJPY PRESSURED AMID OMICRON WOES, IMPENDING BEAR PRESSURE

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British Pound / Japanese Yen (OANDA:GBPJPY)

OANDA:GBPJPY British Pound / Japanese Yen

The cable tumbled to fresh yearly lows after the UK re-imposed fresh restrictions to curb the spread of omicron covid variant. The pair also feels the pull of gravity as the omicron concerns have pushed back the Bank of England rate hike expectations.

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