GBP/JPY edges lower after posting gains in the previous session, hovering around 197.50 during European trading hours on Thursday.
GBP/JPY remains under pressure ahead of a speech by BoE Governor Andrew Bailey scheduled for Thursday. The Pound Sterling may gain support due to increasing concerns among BoE officials about persistent price pressures. BoJ’s Uchida urged financial institutions and authorities to be prepared for sudden deposit outflows due to digitalization and technological advancements.
On Thursday, BoJ Deputy Governor Shinichi Uchida highlighted the need for financial institutions and authorities to be prepared for sudden deposit outflows due to digitalization and technological advances. BoJ’s Uchida also noted the growing presence of non-bank financial institutions, which now account for nearly half of global financial intermediation.
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