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GBP/JPY recovers above 206.25 as GBP/USD lifts past 1.2950
Following on form updates here earlier today on the Pound versus the dollar and the Euro, the GBP/JPY has now recovered some more of the ground it lost yesterday, when the USD/JPY slumped to below 157.50. The corresponding move lower in the GBP/JPY saw it slide to a low at 203.85. Earlier it had reached its best level since 2008, at 208.11. Earlier today it again matched that low, when falling back to 203.86. However, since then the Pound has been rallying back and just now it reached a session high at 206.34. The move higher comes as the USD/JPY remains camped above 159 for the time being and the GBP/USD rises to a new 2024 high just now at 1.2962. The GBP/JPY is currently trading at 206.30
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