monetary policy moves and Brexit exert downside pressure.
With the lack of fresh catalysts to drive the previous south-run, the GBP/JPY pair took a U-turn on Thursday after few upbeat promises from the UK PM hopefuls. However, cautious sentiment ahead of the key US employment data and doubts over the future central bank actions limit the pair’s moves around 135.61 during early Friday.
The PM hopefuls have been appearing at various political hustings while keeping the promise to leave the EU on or before October. However, the British Pound (GBP) buyers seem to have been cheering the front runner Boris Johnson’s offer for a lavish spending plan even after a no-deal Brexit.