GBP/JPY News & Analysis
Live updates, breaking news, and economic events affecting the pound yen exchange rate. Last updated: 25 May 2026, 19:27 GMT
Current GBP/JPY Rate
214.5975
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Latest GBP/JPY News
GBP/JPY trades with a positive bias on Monday as the British Pound (GBP) outperforms the Japanese Yen (JPY) amid improving market sentiment surrounding a potential US-Iran deal. At the time of writing, the cross is trading around 214.52, up 0.30% on the day.
Monday starts off quietly, with no major scheduled economic events for the FX market. Many countries in Europe and the U.K. will have a bank holiday while the U.S. will observe Memorial Day. On Tuesday, Japan will release the Bank of Japan core CPI y/y, while the U.S. will get the CB consumer confidence index. Wednesday brings inflation data from Australia along with the RBNZ monetary policy announcement. On Thursday, the market's attention will be on the U.S., where key releases will include th...
Bank of Japan (BoJ) Governor Kazuo Ueda said after a meeting with Japan’s Prime Minister (PM) Sanae Takaichi that both the central bank and government will continue to coordinate closely. Ueda added, “The meeting was beneficial to all parties.”
Agreed that BOJ and government will continue to coordinate closelyExplained monetary policy thinking to TakaichiDid not discuss any specifics (when asked about market prospects of June rate hike)Takaichi said she hoped for BOJ to conduct monetary policy appropriatelyAdding that she hoped for it to take into account government steps to cushion against the blow of rising inflationAble to exchange views in a positive manner on various frontsDiscussed economic, price, market developments in taking i...
Rate hikes by year-endRBNZ: 76 bps (70% probability of no change at the next meeting)ECB: 64 bps (88% probability of rate hike at the next meeting)BoE: 48 bps (83% probability of no change at the next meeting)BoJ: 46 bps (75% probability of rate hike at the next meeting)BoC: 41 bps (99% probability of no change at the next meeting)RBA: 25 bps (88% probability of no change at the next meeting)Fed: 20 bps (99% probability of no change at the next meeting)SNB: 19 bps (98% probability of no change a...
The GBP/JPY cross attracts some dip-buyers on Friday and sticks to modest intraday gains through the first half of the European session.
EUROPEAN SESSIONIn the European session, the main highlight was the UK retail sales report. The data missed expectations across the board but it didn't change much for the BoE, so the market reaction was muted. Looking ahead, we have the German IFO survey. The IFO is correlated to the German Composite PMI given that they measure basically the same thing. The Business Climate index is expected to tick lower to 84.2 vs 84.4 prior, but whatever the data, the market reaction will likely be muted giv...
RBNZ set to hold at 2.25% but majority now see hikes coming by end-SeptemberING expects June BOJ rate hike despite softer than forecast Japan CPIBeijing's state planner softens tone on foreign investment in Chinese technology sectorOil seen capped near $100 as Iran war demand destruction offsets supply lossAlberta to hold October referendum on whether to begin separation process from CanadaReserve Bank of India (RBI) set to hand 3.05 trillion to government in record transferPBOC sets USD/ CNY re...
ING says Japan's softer-than-expected April CPI, driven by government subsidies and a high food base, will not prevent a Bank of Japan rate hike in June, with pipeline prices pointing to a rebound. Summary: Source: ING analyst note on Japan April CPIJapan's headline CPI slowed to 1.4% year-on-year in April, below the 1.6% market consensus and ING's own 1.8% forecast, and down from 1.5% in MarchCore inflation excluding fresh food also came in below consensus and the prior monthGovernment energy s...
US stock and bond markets close Monday for Memorial Day, with bond markets also shutting early Friday at 2:00 p.m. ET. Futures operate on modified CME and Cboe schedules through the holiday.Summary:US stock markets close on Monday May 25 for Memorial Day, with regular trading hours of 9:30 a.m. to 4:00 p.m. ET resuming Tuesday May 26US bond markets also close Monday May 25 and will have an early close on Friday May 22 at 2:00 p.m. ETUS futures markets operate on modified schedules rather than cl...
Japan's core CPI rose just 1.4% in April, a four-year low driven by government subsidies, but analysts warn the Iran war will push inflation sharply higher in coming monthsSummary:Japan's core CPI, excluding fresh food, rose 1.4% year-on-year in April, the slowest pace since March 2022, against a market forecast of 1.7% and a prior reading of 1.8%The core-core index, stripping out fresh food and energy and closely watched by the BOJ as a gauge of demand-driven inflation, rose 1.9%, down from 2.4...
Japan April inflation data:Headline CPI (Y/Y) 1.4% expected 1.6%, prior 1.5% CPI Excluding Fresh Food (core CPI) 1.4%, slowest since March 2022expected 1.7%, prior 1.8% CPI Excluding Fresh Food, Energy (core-core CPI) (Y/Y) 1.9%, slowest since July 2024expected 2.2%, prior 2.4%I'll have more to come on this separately, details and implications etc. The TL;DR is going to be this is not going to prompt BoJ rate rise urgency. This article was written by Eamonn Sheridan at investinglive.com.
Sterling spent Thursday looking sturdier than it had any right to.
I previewed the Japan inflation data here:A third consecutive month of core CPI below the BOJ's 2% target would reinforce the case for patience on rate hikes,Also on the agenda is an ECB speaker, Philip Lane given the opening address at 2026 Asian Monetary Policy Forum (AMPF) in Singapore“Europe and the World Economy" This article was written by Eamonn Sheridan at investinglive.com.
ABN AMRO’s Georgette Boele notes that Sterling has weakened alongside the Euro versus the US Dollar, with energy prices a key driver. She argues UK political uncertainty could temporarily lift volatility in Sterling and gilts, but expects this phase to be short-lived.
Frequently Asked Questions
Why is GBP/JPY moving today?
GBP/JPY movements are primarily driven by interest rate decisions from the Bank of England (BoE) and Bank of Japan (BoJ), economic data releases from the UK and Japanese economies (CPI, GDP, employment), and geopolitical events. Check our live news feed above for today's specific drivers.
How often is GBP/JPY news updated?
Our news feed is automatically updated every 15 minutes from trusted sources including Reuters, Bloomberg, and major forex news providers. Breaking rate alerts are generated instantly when significant moves (>0.5%) are detected.
What affects the GBP/JPY exchange rate?
Key factors include Bank of England (BoE) and Bank of Japan (BoJ) interest rate policies, economic data releases (UK CPI, BoE interest rate decisions, employment data, GDP; Japanese CPI, BoJ monetary policy, Tankan survey, GDP), political events, trade balances, and market sentiment. Major announcements from BoE Governor and MPC members and BoJ Governor and Policy Board members often trigger significant moves.