GBP/JPY News & Analysis
Live updates, breaking news, and economic events affecting the pound yen exchange rate. Last updated: 5 Jun 2026, 23:13 GMT
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How have interest rate expectations changed after this week's event?
Rate hikes by year-endRBNZ: 71 bps (71% probability of rate hike at the next meeting)ECB: 64 bps (98% probability of rate hike at the next meeting)BoJ: 43 bps (81% probability of rate hike at the next meeting)BoE: 41 bps (92% probability of no change at the next meeting)RBA: 23 bps (93% probability of no change at the next meeting)Fed: 16 bps (92% probability of no change at the next meeting)BoC: 15 bps (99% probability of no change at the next meeting)SNB: 13 bps (99% probability of no change a...
investingLive Asia-Pacific FX news wrap: Drone attack on Oman raises the stakes
Explosion halts crude loading at Oman's Mina al Fahal in conflict escalationPBOC resumes injections after two-day pause that forced banks to deploy idle cashNasdaq analysis today shows market started selling quite hard for this time of dayRBA's Hauser due to speak, hawkish tilt expected after Harper's inflation warningPBOC sets USD/ CNY reference rate for today at 6.8157 (vs. estimate at 6.7735)South Korean markets hammered. KOSPI off 6%, won at a 17 year low vs. USDJapan renews yen intervention...
Latest GBP/JPY News
Deutsche Bank analysts underscore that stronger Japanese wage data and resilient household spending are reinforcing expectations for Bank of Japan (BoJ) tightening. Real and nominal wages are rising at the fastest pace since 2024, with futures pricing a high probability of a June hike.
Rate hikes by year-endRBNZ: 71 bps (71% probability of rate hike at the next meeting)ECB: 64 bps (98% probability of rate hike at the next meeting)BoJ: 43 bps (81% probability of rate hike at the next meeting)BoE: 41 bps (92% probability of no change at the next meeting)RBA: 23 bps (93% probability of no change at the next meeting)Fed: 16 bps (92% probability of no change at the next meeting)BoC: 15 bps (99% probability of no change at the next meeting)SNB: 13 bps (99% probability of no change a...
MUFG’s Derek Halpenny highlights growing signs of United Kingdom (UK) labour market weakness, including a sharp HMRC jobs drop and elevated HR1 redundancy notifications, which could influence Bank of England (BoE) policy.
The Japanese Yen’s (JPY) mild recovery attempt seen during Friday’s Asian session has been short-lived.
Explosion halts crude loading at Oman's Mina al Fahal in conflict escalationPBOC resumes injections after two-day pause that forced banks to deploy idle cashNasdaq analysis today shows market started selling quite hard for this time of dayRBA's Hauser due to speak, hawkish tilt expected after Harper's inflation warningPBOC sets USD/ CNY reference rate for today at 6.8157 (vs. estimate at 6.7735)South Korean markets hammered. KOSPI off 6%, won at a 17 year low vs. USDJapan renews yen intervention...
Japan's finance minister renewed an intervention warning as the yen tested 160 per dollar, while a record drop in May foreign reserves suggests Tokyo may already have acted again. Summary: The following draws on statements from Japanese Finance Minister Satsuki Katayama, Prime Minister Takaichi, and Japanese Finance Ministry data released on June 4-5:Finance Minister Katayama told parliament Japan will respond appropriately at any time on foreign exchange and reserves the right to take decisive ...
Japan's real wages rose 1.9% year-on-year in April, a fourth consecutive gain, while household spending beat forecasts, boosting the case for a BOJ rate hike at its June 15-16 meeting. Summary: The following data were released by the Japanese government on June 5Household spending, April: -0.5% year-on-year, expected -1.5%, prior -2.9%; month-on-month +1.6%, expected +0.8%, prior -1.3%Average cash earnings (total nominal wages), April: +3.5% year-on-year, the fastest growth since December 2024 a...
Sterling is standing on a bet that gets harder to justify by the week. Markets still lean toward Bank of England (BoE) rate hikes this year, even as the economy beneath the Pound flashes contraction rather than the overheating that would normally warrant tighter policy.
Trump: The US is in the middle of final negotiations to end the Iran warPutin: We are ready to make a deal with Ukraine peacefullyUkraine Zelensky to Putin: Enough of war. Ukraine proposes to end the warFed's Schmid: Biggest risk facing the US economy is now inflationTreas Sec Bessent: "I wish job market had come out today".BOE Bailey: Markets have been orderly but stressed at times.Fed's Daly: Policy is in a good place and we are prepared to respond either wayUS Initial jobless claims 225K vs 2...
Bank of England's Gov. Bailey is on the wires saying:Markets have been orderly but stressed at times.The debt market leverage raises questions on vulnerability. The 10 year yield in the UK rose from a low of around 4.23% on February 26 to a high of 5.20% on May 18 – a gain of 97 basis points. Looking at the US, it yield moved from a low in early March of 3.92% to 4.687% or 76 basis points. The UK 10 year yield has a sense moved back down to 4.899% currently. The UK stock market is a modest 4.3...
BNY's Bob Savage notes that BoJ officials are reportedly leaning toward a 25bp rate hike to 1.0% at the June meeting, with scope for further increases in 2026 as inflation risks from energy and Japanese Yen weakness persist.
Headlines:Trump: The US is in the middle of final negotiations to end the Iran warIsraeli military warns that the fighting in southern Lebanon continuesAI drives tech sector to cut jobs by the most since 2023BOJ reportedly expected to raise interest rates later this month - reportRBA governor Bullock: We expect inflation to increase further in the near-termEuro area retail sales fall in April, challenging outlook aheadGerman construction activity experiences another steep rate of decline in MayU...
The GBP/JPY cross attracts sellers for the second straight day on Thursday and slides back closer to the lower boundary of the weekly range, though it lacks follow-through.
According to sources, the Bank of Japan (BoJ) will raise interest rates in the June policy meeting, Reuters reports. The report also states that the central bank is leaning towards pausing or slowing the pace of its bond-buying taper from Fiscal 2027.
The Japanese Yen (JPY) is hovering around the critical 160.00 threshold against the US Dollar, keeping markets on high alert for official currency interventions.
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.