Course GBP(British Pound)-JPY(Japanese Yen) for today
Quotes GBP/JPY for today .
The United Kingdom's central bank is the Bank of England. As the fourth most traded currency, the British Pound is the third most held reserve currency in the world. Common names for the British Pound include the Pound Sterling, Sterling, Quid, Cable, and Nicker.
- Central bank: The Bank of England
- The pound is the world’s oldest currency still in use and was the de facto global currency until WW II.
- The economy of Great Britain (or the United Kingdom) is the third largest in Europe, after Germany and France.
- Napoleon famously called the UK “a nation of shopkeepers”. Banking, insurance, and business services still account for a large proportion of the British GDP.
Importance of the Japanese Yen The Japanese Yen is the third most traded currency in the world, and the most heavily traded currency in Asia. Due to its relatively low interest rates, the Japanese Yen is often used in carry trades with the Australian Dollar and the US Dollar. A carry trade is a strategy in which a currency with low interest rate is sold in order to buy a currency with a higher interest rate.
- Central bank: The Bank of Japan
- Since its defeat in World War II, Japan has become one of the world's largest and most technologically advanced manufacturers of motor vehicles, electronic equipment, machine tools, and so on.
- The JPY has appreciated against USD since the 1970s, making Japan’s manufactured goods more costly and less competitive.
- The Bank of Japan keeps interest rates at near-zero, making JPY a popular “carry trade” currency against other higher-yielding currencies.