GBP/JPY surges to near 193.00 after BoE's monetary policy announcement

  • The GBP/JPY pair extends its intraday upside move to near 193.00 during the late European session after the announcement of the monetary policy by the Bank of England (BoE). The BoE lowered its interest rates by 25 basis points (bps) to 4.25%, as expected, for the fourth time in its current policy-easing cycle.