The GBP/JPY currency pair is based on the value of the British pound sterling against the Japanese yen. The price reflects the amount of yen (the quote currency) that is needed to buy one pound (the base currency). The GBP/JPY is known for being a ‘carry currency cross’, which traders may use in a carry trade strategy to profit from interest rate differences. Therefore, this forex pair is heavily influenced by central bank decisions from the Bank of England and Bank of Japan, as well as commodity prices such as crude oil. View our GBP/JPY live chart and start spread betting or trading CFDs.
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