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Forex

GBP/JPY Falls Ahead of BoE Policy Decision

Guavy AI Editorial Team
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JPY GBP
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The British Pound (GBP) is trading lower against the Japanese Yen (JPY) ahead of the Bank of England's (BoE) monetary policy announcement.

The GBP/JPY pair is down 0.3% at around 208.50, with strategists at Brown Brothers Harriman (BBH) predicting that BoE policymakers Megan Greene, Catherine L Mann, and Huw Pill will back a 25 basis points hike in interest rates.

The BoE is expected to leave interest rates unchanged at 3.75% for the sixth meeting in a row, with a 6-3 vote split, and warn of upside inflation risks due to the UK's headline Consumer Price Index (CPI) growth remaining faster in August.

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