Sterling has been a rollercoaster ride lately, with apparent flip-flopping by BOE Governor Carney prompting UK Treasury member Pat McFadden to accuse him of behaving like an “unreliable boyfriend” (for more on Carney and the fundamental outlook for the GBPUSD, see my colleague Kathleen Brooks’ note from earlier today). With Carney taking to the podium again tomorrow to discuss the BOE’s Financial Stability Report, it’s a good time to update our outlook and levels to watch on the GBPJPY. Like the GBPUSD, GBPJPY’s rally has lost most of its momentum over the last week. As we go to press, the pair is testing its ... (full story)