The GBP/JPY has struggled to find any significant support following the Bank of Japan’s decision to change its yield curve policy, a move which many believe heralds the start of the end of its extra-ordinary loose monetary policy. Meanwhile, the pound has struggled ever since the Bank of England’s rate decision last week was perceived to be dovish by markets. The split among the MPC gave rise to speculation that the rate increases might stop sooner than expected as high inflation in the UK continues to hurt pockets of consumers and weigh on business activity. The ongoing industrial actions across the UK are likely to ... (full story)