
Pound Slides to Two-Week Low as Yen Gains Strength
The British Pound fell nearly 1% against the Japanese Yen, hitting a two-week low as official comments from the U.S. and Japan fueled Yen strength.
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The British Pound fell nearly 1% against the Japanese Yen, hitting a two-week low as official comments from the U.S. and Japan fueled Yen strength.

The British pound is holding steady against the US dollar, trading in a tight range between the 1.32 and 1.36 levels, signaling market indecision.

The British Pound hit a new yearly high against the Japanese Yen, trading near 204.50, as fading Bank of Japan rate hike bets weaken the Yen. Investors await BoE Chief Economist Huw Pill's speech for

The GBP/JPY currency pair stabilized near 198.00, but the outlook remains negative as a stronger Yen, boosted by safe-haven demand, contrasts with a weaker Pound.

The British Pound fell to its lowest level in over two weeks against the US Dollar, trading near 1.3435 amid broad strength in the greenback.