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GBP/JPY: Bulls keep 152.00 on radar ahead of UK PMI


7/22/2021 11:03:38 PM GMT
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By Anil Panchal
GBP/JPY keeps bounce off four-month low for the third consecutive day.
Market sentiment dwindles amid a quiet day, off in Japan and mixed clues.
UK’s covid-led death toll gradually firms up, scientists warn return of lockdown in three weeks.
EU President Ursula von der Leyeyn rejects UK PM Johnson’s push to renegotiate NI protocol.
GBP/JPY edges higher around 151.65, up 0.05% intraday, amid the initial Asian session on Friday. In doing so, the cross-currency pair prints a three-day uptrend following its bounce off March lows.
An off in Japan and cautious sentiment ahead of the UK’s preliminary readings for July PMIs probe the pair buyers of late. However, the yen’s weakness and the Bank of England’s (BOE) comparatively stronger position than the Bank of Japan (BOJ) keeps the GBP/JPY bulls hopeful. ....

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Laois Nationalist — Brexit: EU chief tells Johnson 'we will not renegotiate' over Northern Ireland


Brexit: EU chief tells Johnson ‘we will not renegotiate’ over Northern Ireland
Thursday, July 22, 2021
By Sam Blewett and Geraldine Scott, PA Political Staff
EU chief Ursula von der Leyen has rejected Boris Johnson’s plea to renegotiate the post-Brexit deal on Northern Ireland after a phone call with the Prime Minister.
The European Commission president said on Thursday that Brussels will “be creative and flexible” over the Northern Ireland Protocol “but we will not renegotiate”.
Her dismissal came despite Mr Johnson arguing there are “huge opportunity to find reasonable, practical solutions to the difficulties” being experienced in Northern Ireland.
Mr Johnson also extended his diplomatic efforts to German Chancellor Angela Merkel, whom he urged to join the EU to “collectively to engage in a constructive and detailed discussion on the UK’s proposals”. ....

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