GBP/JPY

British pound sterling (GBP) to Japanese yen (JPY) exchange rate.

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Product Type: CurrenciesMarket: Global
Trading Hours:  24 hours, Mon-Fri.
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Description:

GBP/JPY is a heavily-traded cross currency of two of the world’s most popular currencies – the British pound Sterling (GBP) – the world's 4th most popularly traded currency and 3rd most commonly held reserve, against the Japanese yen (JPY) – the world's 3rd most traded currency, after the US dollar and the euro. Japan and the United Kingdom’s economies are among the strongest and largest in the world. Both are considered international spheres of political and economic influence, and both rely heavily on trade. GBP/JPY represents the amount of yens needed to buy 1 pound. It is an extremely volatile currency cross, and its intraday exchange rate movements can often change up to 100, 200 and even 300 points.

Interesting Facts:

  • The British pound (nicknamed “cable”) and the Japanese yen (nicknamed “Ninja”) are among the “Big 4” major foreign exchange currencies. They are also the 3rd and 5th most held reserve currencies in the world – accounting for approximately 3.8% and 4.1% of all global reserves, respectively.
  • On a global scale, Japan’s economy comes in at number 3 by nominal gross domestic product (GDP) and number 4 by purchasing power parity (PPP). The country boasts a world-leading industry sector and is home to many of the world’s leading automobile makers, steel manufacturers, and producers of consumer electronics.
  • The United Kingdom has the world's 5th largest national economy by nominal gross domestic product (GDP) and the 8th largest by purchasing power parity (PPP). It is also the 4th biggest exporter of manufactured goods and services, and the 5th biggest importer of goods. All in all, the country’s economy is one of the most globalised in the world.
 
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