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GBP/JPY trims weekly gains, falls to 3-day low

FXStreet (Córdoba) - The pound remains under pressure across the board after yesterday’s Bank of England Quarterly Inflation Report. GBP/JPY broke below 182.00 and fell to 181.63, reaching the lowest price in three days.

As USD/JPY rebounds from 115.30 and rises above 115.60, GBP/JPY is moving off daily lows, attempting to rise back above 182.00, in the first minutes of the American session.

GBP/JPY erases weekly gains

Yesterday the pair climbed to fresh multi-year highs above 184.50 but since then dropped almost 300 pips, erasing weekly gains. Currently the pair trades at 182.00, slightly above the price it closed last Friday. The yen is among the worst performer across the board in the current week, but the pound dropped dramatically yesterday.

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Gold prices advanced in GBP terms, supported by a fall in the GBP/USD pair and the rise in XAU/USD pair or Gold in USD terms after the disappointing US jobless claims data hit the wires.
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