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13 Nov 2014
GBP/JPY trims weekly gains, falls to 3-day low
FXStreet (Córdoba) - The pound remains under pressure across the board after yesterday’s Bank of England Quarterly Inflation Report. GBP/JPY broke below 182.00 and fell to 181.63, reaching the lowest price in three days.
As USD/JPY rebounds from 115.30 and rises above 115.60, GBP/JPY is moving off daily lows, attempting to rise back above 182.00, in the first minutes of the American session.
GBP/JPY erases weekly gains
Yesterday the pair climbed to fresh multi-year highs above 184.50 but since then dropped almost 300 pips, erasing weekly gains. Currently the pair trades at 182.00, slightly above the price it closed last Friday. The yen is among the worst performer across the board in the current week, but the pound dropped dramatically yesterday.
As USD/JPY rebounds from 115.30 and rises above 115.60, GBP/JPY is moving off daily lows, attempting to rise back above 182.00, in the first minutes of the American session.
GBP/JPY erases weekly gains
Yesterday the pair climbed to fresh multi-year highs above 184.50 but since then dropped almost 300 pips, erasing weekly gains. Currently the pair trades at 182.00, slightly above the price it closed last Friday. The yen is among the worst performer across the board in the current week, but the pound dropped dramatically yesterday.