The GBP/JPY pair has edged lower, trading below the 195.00 mark during Wednesday’s European session. This decline follows the release of the UK’s inflation data for November, reflecting price pressures that align with market expectations. Traders should keep a close watch on these economic indicators as the Bank of Japan and Bank of England policies come into focus. Potential shifts in policy could lead to further adjustments in GBP/JPY dynamics. Staying updated on economic data releases is vital for forex traders navigating this market.