United States Challenger Job Cuts (YoY): 75.114K (January) vs 23.622K

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Feb 4, 2016

GBP/JPY back above hourly 200-MA, awaits BOE QIR presser

The GBP/JPY cross quickly fell to 171.09 levels following BOE rate decision and minutes release before recovering back above its hourly 200-MA of 171.28 levels.

BoE suggests rate rises remain a long way off - ING

James Knightley, Senior Economist at ING, notes that the Bank of England has left Bank Rate unchanged in a unanimous decision with Ian McCafferty no longer voting for a 25bp rate rise.