Forecast GBPJPY

13 Mar 2020

Over the past week, the pair has collapsed. Today, we see pressure from sellers, which is due to the strengthening of the JPY, and at the same time, the weakening of the GBP. Pressure on the GBP is exerted by two strong fundamental factors. First, the appearance of information about the readiness of the Bank of England to reduce interest rates due to the coronavirus. Secondly, the trade negotiations between Britain and the EU that have begun will be quite complex and most likely very impulsive, which is also negative for the British currency