GBP/JPY holds gains near 192.00 as traders expect a cautious policy-easing approach by BoE – FXStreet

GBP/JPY is holding onto its gains near the 192.00 level as traders anticipate a cautious policy-easing approach from the Bank of England. This comes as the central bank is expected to take measured steps in its efforts to stimulate the economy. The currency pair’s stability around this level suggests that market participants are closely watching for any potential changes in the BoE’s monetary policy.