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Displaying research tagged:   GBP/JPY

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Market risks sustain GBP/JPY pressure

March 20, 2017 1:53 PM
Aside from a sharp rebound in late January, GBP/JPY has been entrenched in a downtrend for the past three months. This downtrend has been exacerbated in part by ongoing concerns over the impending triggering of Article 50 that will begin the UK/EU separation process (Brexit), which has weighed heavily on the pound. At the same time, global macro ris...

GBP/JPY: Pound bruised but not broken (again)

December 7, 2016 1:24 PM
The pound has fallen sharply over the past couple of days. It has been among (if not) the worst performer in G10 currencies. As well as uncertainty over how and when the Brexit process will start, the pound has been undermined by weakness in UK data as industrial production in October suffered its worst month since 2012. The currency’s latest drop i...

GBP/JPY at critical support level after Brexit deadline announced

October 3, 2016 12:54 PM
After a relative lull in concerns over the UK’s June vote to leave the European Union, Brexit worries resumed in a major way on Monday after UK Prime Minister Theresa May announced over the weekend a deadline of March 2017 to begin the UK’s formal process of withdrawal from the EU. The drawn-out process would be expected to conclude in 2019.