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fxJun 22, 2026, 6:12 PM

GBP/JPY Holds Near 214.00 Amid UK Political Turmoil

The pound-yen pair settled near 214.00 on Monday, supported by its rising 50-day moving average, despite the UK losing its prime minister.

GBPJPY

The GBP/JPY pair closed Monday around 214.00, perched on its ascending 50-day moving average after pulling back from this month's peak. The yen's stability contrasts sharply with the political chaos in the UK, which recently saw the resignation of its prime minister.

The pair remains elevated despite the uncertainty, suggesting that market participants are looking past the political turbulence for now.

Source: FXStreet Forex News