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November 28, 2024

GBP/JPY Rebounds as Traders Eye Cautious BoE Policy Easing

The GBP/JPY pair has snapped a five-day downtrend, rebounding to trade near 191.90 during early Asian trading on Thursday. The economic calendar for the United Kingdom is quiet at present, with minimal data expected in the coming week. However, traders are now focusing on the Bank of England’s (BoE) potential approach to monetary policy easing. Speculation surrounding the BoE’s decisions is likely to influence the currency pair moving forward. Traders should watch closely for any signs or commentary from the BoE as that could impact GBP/JPY’s trajectory in the near future.

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