Standard Chartered Forecast: Pound Sterling Vulnerable, One-Month GBP/JPY Forecast 184

  • The Pound to Yen (GBP/JPY) exchange rate is currently trading around 193, but Standard Chartered considers it is within a bearish technical trend and maintains a negative stance on the Pound. It sees scope for GBP/USD to retreat to at least 1.30, but prefers to express its view by selling GBP/JPY.