GBPJPY: best entry?

GBP/JPY (British Pound - Japanese Yen) is the forex ticker that tells traders how many Japanese Yen are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, while the Japanese Yen is third, according to the Bank for International Settlements (2016). Use the GBP/JPY chart to follow its live rate and to assist your technical analysis when trading this pair. For the latest GBP/JPY news and Pound - Yen forecast, follow our expert articles.

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Comment:

Unexpected upturn in mortgage activity, investors should also look for a sustained rise in inflation

In addition to the unexpected upturn in mortgage activity, investors should also look for a sustained rise in inflation. These reports pressure the Bank of England to tighten monetary policy. And this is good news for the British Pound, where interest rates and bond yields are lower than in the US.

Comment:

Standard situation with prediction

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Investors should keep an eye out for a consistent increase in inflation, along with the unexpected surge in mortgage activity. Such reports push the Bank of England to adopt a stricter monetary policy, which is advantageous for the British Pound. The interest rates and bond yields in the UK are lower than those in the US, making it a promising development.