CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
The GBP/JPY rate tracks the price of the British pound, the base currency, against the Japanese yen, the counter currency. Monetary policy announcements of both the Bank of England and the Bank of Japan will have an influence on this currency pair as well as the respective country's interest rates. This currency pair is informally known as the ‘dragon’ and is renowned for being historically volatile. Unexpectedly, the pair fluctuates in relation to the economic association between Western Europe and the Asia-Pacific region.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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