GBP/JPY fundamental outlook is updated weekly and is one of the base of the weekly analysis/forecast for GBP/JPY. This is mainly derived from the recent major economic releases and news. The GBP/JPY economic strength meterat the bottom shows the relative strengths or weakness of the currencies depending on the recent economic releases/news.
GBP: Public Sector Net Borrowing: GBP 16.747 billion, negative as compared to the forecasts (GBP 14.000 billion) as well as the previous 7.196 billion British pounds.
GBP: Mortgage Approvals: 31.2K, same as the consensus and more than the previous month's 30.5K.
GBP:Gross Domestic Product (preliminary): Year on year change 0.6%, positive as compared to the forecasts (0.3%) as well as the previous 0.2%. Same with the quarter on quarter change of 0.3% against the consensus of 0.1% and previous -0.3%.
JPY: National Consumer Price Index: Year on year change -0.9% against the previous -0.7%. The year on year CPI ex Food and energy was -0.8% against the previous -0.9%. Year on year CPI ex Fresh Food was -0.5% and negative as compared to the forecasts (-0.4%) as well as the previous -0.3%.
JPY: Interest rate was kept same at 0.1%.
JPY: Bank of Japan issued the monetary policy statement that the BoJ will conduct money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen.
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