GBP/JPY Price Forecast – British Pound Continues to Find Buyers on Dips

The British pound has initially pulled back a bit during the trading session on Thursday but found plenty of buyers underneath to push the market back up against the Japanese pound.

About Post Author

Ivy Chu

ivy@fonecable.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

forecasts FXEF

WTI Price Forecast: Bullish 21-day and 50-day SMA crossover keeps upside bias intact 3 February 2026

West Texas Intermediate (WTI) Crude Oil stages a technical rebound on Tuesday, as buyers step in ahead of the $60 psychological level. At the time of writing, WTI is trading around $62.45 per barrel, up about 0.70% on the day after reversing its earlier intraday losses.

GBP: Spreads richen across curve – TD Securities 3 February 2026

TD Securities Senior European & UK Rates Strategist Pooja Kumra reports that GBP spreads are continuing to richen across the curve, particularly in the belly, with 5-year spreads increasing by nearly 10bps since the start of the year.

United States Redbook Index (YoY): 6.7% (January 30) vs previous 7.1% 3 February 2026

United States Redbook Index (YoY): 6.7% (January 30) vs previous 7.1%

USD: Positive outlook amid strong data – Deutsche Bank 3 February 2026

Deutsche Bank's Macro Strategy report highlights a positive outlook for the Dollar following strong economic data. The report notes that the ISM manufacturing index unexpectedly surged, contributing to rising optimism for 2026.

EUR/GBP stabilizes near five-month low as central bank decisions loom 3 February 2026

EUR/GBP trades with caution around 0.8630 on Tuesday at the time of writing, hovering near its five-month low.

Gold rebounds after sharp correction, eyes $5,000 resistance 3 February 2026

Gold (XAU/USD) consolidates its gains during the American session on Tuesday after surging more than 5% earlier in the day, as dip buyers step back into the market following last week’s violent correction from record highs near $5,600.

Gold: Signs of stabilization observed – OCBC 3 February 2026

OCBC Bank analysts Sim Moh Siong and Christopher Wong report that Gold prices have shown tentative signs of stabilization after a sharp decline from above USD5,500/oz to a low of USD4,402/oz.

Alliance Entertainment Holding Corporation (AENT) moves 11.6% higher: Will this strength last? 3 February 2026

Alliance Entertainment Holding Corporation (AENT - Free Report) shares soared 11.6% in the last trading session to close at $7.71. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.7% loss over the past four weeks.

Fed’s Barkin: The Fed’s last mile comes with structural risks 3 February 2026

Remarks from Federal Reserve (Fed) Bank of Richmond President Thomas Barkin underline the economy’s resilience even as inflation remains above target. Barkin notes that, to date, rate cuts are framed as insurance for the labour market while the Fed works through the final phase of disinflation.

GBP/JPY climbs as Yen falters on fiscal concerns and BoE interest rate decision looms 3 February 2026

The British Pound (GBP) strengthens against the Japanese Yen (JPY) on Tuesday, as the Yen remains under broad pressure amid market concerns over Prime Minister Sanae Takaichi’s expansionary fiscal stance. At the time of writing, GBP/JPY is trading near 213.26, rising for a third straight day.

Oil: Market faces downward pressure – Commerzbank 3 February 2026

Commerzbank Research Team notes a significant decline in Oil prices, with Brent trading down over USD 4 from last week's close. The report attributes the drop to geopolitical tensions and production adjustments from OPEC+.

Fed’s Miran: Stronger growth does not mean higher rates 3 February 2026

Remarks from Federal Reserve Governor Stephen Miran lean decisively dovish, challenging the idea that current policy settings remain appropriate. The focus is on subdued underlying inflation, limited pressure from market yields, and scope for sizeable rate cuts this year.

Pound Sterling Price News and Forecast: GBP range-bound trading expected 3 February 2026

The Pound Sterling (GBP) trades lower against its major currency peers on Tuesday as traders shift their focus to the Bank of England’s (BoE) monetary policy announcement on Thursday.

Fed: Implications of Warsh's nomination for Fed policy – BNY Markets 3 February 2026

Kevin Warsh has been nominated by President Trump to be the next Fed chair, but his confirmation process may be complicated. Warsh's past as a hawk has shifted towards a more dovish stance in recent years.

EUR/USD hovers near weekly lows amid strong US data, India trade deal 3 February 2026

The Euro (EUR) has given away previous gains against the US Dollar (USD) on Tuesday, returning below 1.1800, and trading at 1.1780 at the time of writing.

Banxico: Policy rate pause expected – Rabobank 3 February 2026

Rabobank analysts, Molly Schwartz and Christian Lawrence, anticipate that Banxico will hold the policy rate at 7.00% during the February 5 meeting. This expectation is shared unanimously among Bloomberg surveyed analysts.

AUD: RBA leads with rate hike – BBH 3 February 2026

Brown Brothers Harriman (BBH) analysts report that the Reserve Bank of Australia (RBA) has raised the cash rate target by 25bps to 3.85%, marking the first increase since 2023. This decision was largely anticipated by the market, with inflation expected to remain above target for some time.

Brazil Industrial Output (YoY) came in at 0.4% below forecasts (1%) in December 3 February 2026

Brazil Industrial Output (YoY) came in at 0.4% below forecasts (1%) in December

Brazil Industrial Output (MoM) came in at -1.2%, below expectations (-0.8%) in December 3 February 2026

Brazil Industrial Output (MoM) came in at -1.2%, below expectations (-0.8%) in December

Eurozone: Positive growth outlook for 2026 – BNP Paribas 3 February 2026

BNP Paribas highlights a positive outlook for the Eurozone, forecasting robust GDP growth of 1.5% in 2026, bolstered by recovering industry and household purchasing intentions. The report notes that Europe is overcoming challenges such as the war in Ukraine and political uncertainty in France.

Breaking News

A border inside the UK brings Northern Ireland closer to the republic December 31, 2020 at 05:09PM

A beloved Canadian soy sauce runs out December 31, 2020 at 05:09PM

Britain’s relationship with the EU will look like Switzerland’s December 31, 2020 at 05:09PM

What to expect in 2021 according to prediction markets December 31, 2020 at 05:09PM

Russia menaces Alexei Navalny after he exposed its agents’ ineptitude December 31, 2020 at 05:09PM

The next big thing in retail comes with Chinese characteristics December 31, 2020 at 05:09PM

Jobless Cambodians are catching rats to feed Vietnamese city dwellers December 31, 2020 at 05:09PM

Why Chinese tipplers like Chilean wine December 31, 2020 at 05:09PM

Pakistan has fenced itself off from Afghanistan December 31, 2020 at 05:09PM

Congress injects a further $900bn of stimulus into the American economy December 31, 2020 at 05:09PM

GBP/JPY Price Forecast – British Pound Continues to Find Buyers on Dips

About Post Author

Ivy Chu

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

GBP/USD Price Forecast – British Pound Continues to Show Support Just Below

USD/JPY Price Forecast – The US Dollar Continues to Consolidate

Featured widget

Crude Oil Over Crypto

Breaking News

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Related Post

Featured widget