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fxJul 27, 2026, 12:39 PM

GBP/JPY slips ahead of Bank of England rate decision

The British Pound weakened against the Japanese Yen on Monday as traders reduced exposure before the Bank of England's interest-rate decision on Thursday. GBP/JPY traded around 217.84, down 0.23%.

GBPJPY

The British Pound lost ground versus the Japanese Yen on Monday, with GBP/JPY edging lower to around 217.84, a decline of 0.23%. The move came as the Pound weakened broadly, with market participants trimming long positions following a recent rally.

Traders are now focused on the Bank of England’s upcoming interest-rate decision, due on Thursday. The monetary policy announcement is the key event risk for the pair this week.

The cross had been advancing prior to the pullback, and the current price action reflects cautious positioning ahead of the central bank meeting.

Source: FXStreet Forex News