The GBP/JPY currency pair has experienced a solid recovery this week, climbing from the vicinity of the 187.00 level, the lowest since September 2024. As of the early European trading session, GBP/JPY remains buoyant yet below the 193.00 mark. The recovery follows the release of generally positive UK macroeconomic data, underpinning traders’ confidence. Forex positions involving GBP/JPY are worth monitoring as market data continues to influence rates.