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GBP/JPY Outlook: 150.00 Support Under Threat As BoE Announces Departure of Chief Economist
The British Pound has lost ground against the Euro after the Bank of England (BoE) announced this Tuesday that its Chief Economist Andy Haldane would be leaving the bank later in the year. Haldane is a notable hawk among the BoE’s Monetary Policy Committee and has consistently ramped up the UK’s economic recovery prospects amid the coronavirus pandemic. His exit is expected to produce a noticeable tilt towards dovishness by the BoE. The GBP/JPY pair has had an overall bearish tone for most of the trading session and is currently down 0.18% after giving up the day’s earlier gains. Technical Levels to Watch ... (full story)