The GBP/JPY currency pair found solid support around the 208.00 level on Thursday, attracting dip-buyers in a market that remains cautious. Despite this interest, the pair has struggled to gain traction and maintains a negative bias as the early European session unfolds.
Traders are closely watching the exchange rate ahead of comments from the Bank of England's Governor Andrew Bailey. The anticipation around BoE's monetary policy direction is likely contributing to the subdued trading activity, as market participants weigh potential outcomes on the broader forex landscape, particularly against currencies like the USD and EUR.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 08:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.