The British Pound (GBP) continues to appreciate against the Japanese Yen (JPY) on Tuesday, as diverging central bank policies and rising geopolitical tensions support bullish momentum.
The British Pound (GBP) is extending gains against the Japanese Yen (JPY) on Thursday after the Bank of England (BoE) held its benchmark interest rate at 4.25%.
GBP/JPY extends its losses for the second successive session, trading around 195.00 during the European hours on Friday. The currency cross depreciates as the Pound Sterling (GBP) faces challenges amid risk aversion, driven by the escalating geopolitical tensions in the Middle East.