Mon, 07 Feb 2022 09:48:06 GMT
GBP/JPY returns to pre-rate-hike levels
At the end of last week, the GBP/JPY jumped due to the Bank of England hiking interest rates. However, the surge was stopped by the 156.50 mark. The event was followed by a decline, which on Monday morning passed below the support levels near 155.60 and reached the 155.50 level.
If the pair continues to decline, it would have to pass