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4 Dec 2014
GBP/JPY hovering around 188.00
FXStreet (Córdoba) - GBP/JPY reached a fresh multi-year high during the European session, marginally above previous highs at 188.21 but continue to consolidate, trading around 188.00.
Since yesterday’s American session the pair has been moving sideways, in a range with support at 187.80 and resistance around 188.20. Price is moving without a clear trend for the day, on a quiet trading session.
GBP/JPY unaffected by BoE
The Bank of England (BoE), as widely expected, kept interest rate at 0.5% and maintained the stock of purchased assets at £375B. The pound remained steady across the board after the announcement, unaffected by the decision.
The minutes of today’s MPC meeting area likely to generate some impact; they will be published on December 17.
Since yesterday’s American session the pair has been moving sideways, in a range with support at 187.80 and resistance around 188.20. Price is moving without a clear trend for the day, on a quiet trading session.
GBP/JPY unaffected by BoE
The Bank of England (BoE), as widely expected, kept interest rate at 0.5% and maintained the stock of purchased assets at £375B. The pound remained steady across the board after the announcement, unaffected by the decision.
The minutes of today’s MPC meeting area likely to generate some impact; they will be published on December 17.