GBPJPY might recover | market outlook: forex trading | 26.02.2025
Pound-yen seems to have found support around ¥188.50 and could continue upward in the medium to longer term and retest highs from the middle of February. Sentiment on the pound has improved after last week's strongly positive British retail sales; service PMI also exceeded expectations. With annual headline inflation having unexpectedly risen to 3% last month, participants increasingly see the Bank of England's caution on further loosening of policy as justified and expect only two more cuts before the end of the year. There's no critical data this week likely to affect GBPJPY significantly, but traders should monitor Japanese industrial production, retail sales, and housing starts. Trading is risky. Trade with care and keep watching our informative videos to improve your trading. Explore our better-than-market trading conditions on our website: https://bit.ly/Exness-homepage-mo #GBPJPY #forextrading #marketoutlook #forex #CFDtrading #forexmajors
Read EXNESS Broker Review February 26, 2025 at 05:34PM Exness
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