GBP/JPY holds positive ground above 188.50 ahead of BoE rate decision – FXStreet

The GBP/JPY pair remains in a positive position above the 188.50 level as traders await the Bank of England’s rate decision. The pair has managed to hold its ground, showing strength in the market. Investors are closely watching the central bank’s decision on interest rates, which could have a significant impact on the currency pair’s movement. Overall, the GBP/JPY pair is currently in a favorable position, and market participants are eagerly awaiting the outcome of the BoE rate decision.