Key Moments
- GBP/JPY trades near 210.20 after softer-than-expected UK Retail Sales data for September.
- UK Retail Sales (MoM) declined 0.4% against a consensus forecast of -0.1%, while the prior reading was revised up to 0.7%.
- Expectations for a November Bank of England rate hike persist, supported by firm inflation and earlier labor market strength.
GBP Firms Against JPY After Data Release
The British Pound (GBP) strengthens to around 210.20 against the Japanese Yen (JPY) following the publication of United Kingdom (UK) Retail Sales figures for September, even as the data show a sharper decline in consumer spending than markets had anticipated.
Pound Performance Against Major Currencies
The following table presents the percentage change of the British Pound (GBP) versus major currencies. On the day, GBP showed its strongest relative performance against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.03% | 0.08% | 0.20% | 0.03% | 0.00% | -0.17% | 0.20% | |
| EUR | -0.03% | 0.05% | 0.18% | -0.02% | -0.05% | -0.20% | 0.17% | |
| GBP | -0.08% | -0.05% | 0.13% | -0.05% | -0.09% | -0.25% | 0.12% | |
| JPY | -0.20% | -0.18% | -0.13% | -0.17% | -0.21% | -0.38% | 0.00% | |
| CAD | -0.03% | 0.02% | 0.05% | 0.17% | -0.02% | -0.21% | 0.18% | |
| AUD | -0.00% | 0.05% | 0.09% | 0.21% | 0.02% | -0.17% | 0.21% | |
| NZD | 0.17% | 0.20% | 0.25% | 0.38% | 0.21% | 0.17% | 0.38% | |
| CHF | -0.20% | -0.17% | -0.12% | -0.01% | -0.18% | -0.21% | -0.38% |
The heat map reflects percentage changes between major currencies. The base currency is shown in the left-hand column and the quote currency along the top row. For instance, selecting the British Pound as base on the left and moving horizontally to the US Dollar displays the percentage move in GBP (base)/USD (quote).
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