GBP/JPY SLIDES TO THREE-DAY LOW BELOW
GBP/JPY SLIDES TO THREE-DAY LOW BELOW
The GBP/JPY currency pair has recently experienced downward pressure, trading below the 188.00 mark during the early European session on Tuesday, April 22, 2025.
The pair has attracted fresh selling interest, sliding further below the 188.00 level, reaching a three-day low.
The Japanese Yen (JPY) has strengthened against the British Pound (GBP) as investors seek safe-haven assets amid global uncertainties.
Hawkish expectations from the Bank of Japan (BoJ), including potential interest rate hikes, have contributed to the JPY's strength.
Concerns over the UK's economic outlook, including potential recessions and soft economic data, have weighed on the GBP.
Technical indicators suggest a bearish outlook for GBP/JPY, with a decisive break below the 188.00 mark favoring further depreciation.
