The Great Britain pound fell against some of its rivals today, continuing to experience pressure from stimulus expectations. The currency managed to beat the Japanese yen, though, as risk appetite made investors less interested in safe currencies.
Yesterday, Bank of England Deputy Governor Minouche Shafik signaled that timing of additional monetary easing depends on economic data, though she would rather “act preemptively,” and such comments hurt the sterling. Talking about data, traders wait for the report about Britain’s current account and the final revision of gross domestic product due to release tomorrow. Meanwhile, the pound remains under pressure from stimulus expectations.
GBP/USD fell from 1.3016 to 1.2983 as of 15:49 GMT today. At the same time, GBP/JPY rose from 131.03 to 131.78.
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