British Pound - Japanese Yen (GBP/JPY)

The GBP/JPY fundamental outlook is updated weekly and is one of the base of the weekly analysis/forecast for GBP/JPY. This is mainly derived from the recent major economic releases and news. The GBP/JPY economic strength meter at the bottom shows the relative strengths or weakness of the currencies depending on the recent economic releases/news.

GBP/JPY - Recent economic releases

 

U.K. (GBP): Rightmove House Price Index: Year on year change 1.4% against the previous 2.0%. The month on month change was -3.3% and again less than the previous -2.6%.
U.K. (GBP): Consumer Price Index: Year on year Core CPI remained same as previous at 2.6%. Same with the year on year CPI which was again same as previous 2.7%, though the forecasts were for 2.6%.
U.K. (GBP): Producer Price Index (Output): Year on year change 2.2%, negative as compared to the forecasts (2.5%) as well as the previous 2.6%. Year on year PPI Core Output remained same as the previous at 1.4%, though the consensus was for 1.5%.
U.K. (GBP): Retail Price Index: Year on year change 3.0%, negative as compared to the forecasts as well as the previous 3.2%. Same with month on month change of 0% against the expected 0.2% and previous 0.6%.
U.K. (GBP): Retail Sales: Year on year change 0.9% and quite less than the consensus of 1.5% but slightly better than the previous 0.8%. The month on month change was 0%, the expectations were for 0.3% while the previous month had shown a decline of -0.7%. The year on year retail sales ex-Fuel was 2.0% and though higher than the previous month's 1.4% but less than the expected 2.3%.
U.K. (GBP): Gfk Consumer Confidence: -29, negative as compared to the forecasts (-25) as well as the previous -22.
U.K. (GBP): Gross Domestic Product: Year on year change was 0.0% and positive as compared to the forecasts as well as the previous -0.1%. The quarter on quarter change was 0.9% and slightly less than the expectations and previous 1.0%.
U.K. (GBP): Public Sector Net Borrowing: GBP 15.328B, negative as compared to the forecasts (GBP 14.200B) as well as the previous 6.003B British Pound.


Japan (JPY): Machine Tool Orders (YoY): -21.3% against the previous -6.7%.
Japan (JPY): Merchandise Trade Balance (Total): JPY -953.4B and though better than the expected JPY -1030B but quite less than the previous -551.1B Japanese Yen.
Japan (JPY): Exports (YoY): November data showed a change of -4.1% which was positive as compared to the forecasts (-5.4%) as well as the previous -6.5%.
Japan (JPY): Economic Indexes: All Industry Index (MoM) was 0.2% and though less than the consensus of 0.4% but quite better than the previous -0.3%. Leading Economic Index at 92.8 was also better than the previous 91.8. Coincident Index 90.7 was less than the previous 91.3.
Japan (JPY): Interest rate was kept same at 0.1%.
 

GBP/JPY Outlook: Economic Strength Meter

 
 GBP/JPY fundamental analysis - Economic strength outlook - December 22, 2012
Immediate GBP/JPY outlook based on recent economic releasesGBP/JPY outlook
 

 

GBP/JPY Interest Rate Comparison
(For Carry Trade)
GBP
0.50%
Japanese Yen
0.10%
GBP/JPY interest rate comparision
0.40%

 

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