GBPJPY Drops to Near 189.50 Following Weak UK Retail Sales Results
GBPJPY continued its downward trajectory, trading around 189.60 during the early European hours on Friday. The currency pair’s decline follows a series of disappointing retail sales data releases from the UK. As consumer spending falters, the strength of the Pound Sterling diminishes. Analysts predict that without a swift recovery in retail performance, GBP will likely face ongoing downward pressure against the Japanese Yen. Investors should watch upcoming economic announcements closely as they could further impact market dynamics. Keep updated with the analysis on Entreprenerdly.com.
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