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Forex

Pound Recovers as Strong UK Data Contrasts Soft Japanese Readings

Guavy AI Editorial Team
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JPY GBP
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The British Pound (GBP) staged a significant recovery against the Japanese Yen (JPY) in early London trading on Wednesday, rebounding from a new year-to-date low of 206.89 to reach 208.00.

The upward revisions to UK Q2 GDP and an unexpected narrowing of the Current Account deficit provided strong support for the Pound.

Soft Japanese Retail Trade and Industrial Production readings weighed on the Yen, limiting its appeal as a safe-haven asset.

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