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GBP/JPY - Live Chart & Exchange Rate

1 GBP = 209.7222 JPY

Indicative rate, updated 22 hours ago. Not a live dealing rate - confirm with your broker before trading.

GBP/JPY Sentiment Gauge

A live technical-analysis reading for GBP/JPY, from Strong Sell to Strong Buy, updated automatically by TradingView. Forex has no reliable, freely-published Fear & Greed Index the way stocks or crypto do, so this momentum-based gauge is shown instead.

GBP/JPY tracks the British Pound against the Japanese Yen without the US Dollar in between. It moves on the relative outlook for the two economies, especially BoE and BoJ interest-rate policy.

Rates shown here are indicative only, sourced periodically rather than streamed live. Confirm the exact rate with your bank or broker before converting funds or opening a trade.

GBP/JPY Key Statistics

Latest

209.7222

1 Oct 2026

Highest since Mar 2024

218.3491

22 Jul 2026

Lowest since Mar 2024

183.9706

7 Aug 2024

12-month average

211.0260

198.8931 – 218.3491

30 days: -3.40% 90 days: -2.65% 1 year: +5.44%

Over the past year GBP/JPY has risen 5.44%, meaning the GBP has strengthened against the JPY. In the last 30 days it has moved down 3.40%. Across the last 12 months it traded between 198.8931 and 218.3491. Its highest level in the data window (since March 2024) was 218.3491 on 22 Jul 2026, and its lowest was 183.9706 on 7 Aug 2024.

Based on weekly data from 6 Mar 2024 to 1 Oct 2026. Source: weekly rate snapshots (currency-api). A rising rate means the GBP is strengthening against the JPY. Past performance does not predict future results.

What Moves GBP/JPY

A pair's price is one currency's value measured against another, so the economy behind each side matters.

British Pound (GBP)

United Kingdom · Bank of England (BoE) · Free float

The British Pound (sterling) is the oldest currency still in use and one of the most traded, backed by London's position as a global financial centre.

Major contributors to the economy

  • Financial services
  • Professional and business services
  • Manufacturing and aerospace
  • Creative industries
  • Energy

Key factors

  • Bank of England policy. Rate decisions and the vote split of the Monetary Policy Committee move sterling.
  • UK inflation. The UK has had higher inflation than peers, so CPI surprises matter a lot.
  • Fiscal credibility. Budgets and government borrowing plans can move the Pound sharply.
  • Trade relations. Post-Brexit trade terms with the EU affect the growth outlook.

Japanese Yen (JPY)

Japan · Bank of Japan (BoJ) · Free float

The Japanese Yen is the third most traded currency and a classic safe haven. Very low Japanese interest rates make it the main funding currency for "carry trades".

Major contributors to the economy

  • Cars and machinery
  • Electronics and semiconductors
  • Services
  • Overseas investment income

Key factors

  • Bank of Japan policy. Japan kept ultra-low rates for decades; any move towards higher rates strengthens the Yen.
  • Interest-rate gap. The gap between Japanese and foreign yields drives carry trades and Yen weakness or strength.
  • Risk sentiment. In global stress, carry trades unwind and the Yen tends to rally.
  • Government intervention. Japan's Ministry of Finance has intervened to stop sharp Yen falls.

How GBP and JPY Interact

The Japanese Yen is a traditional safe haven. In periods of market stress, investors tend to move money into it, which often pushes it higher against the British Pound even when local economic data is unchanged.

Central-bank policy matters on both sides: the Bank of England (BoE) and the Bank of Japan (BoJ). When one of them is expected to keep interest rates higher than the other, that currency usually attracts capital and strengthens; a narrowing gap tends to reverse the move.

Markets to Watch

  • UK 10-year gilt yield GBP

    Sharp moves can signal stress or support for sterling

  • FTSE 100 GBP

    Large exporters often move inversely to the Pound

  • Japanese 10-year government bond yield JPY

    Higher yields tend to support the Yen

  • Nikkei 225 JPY

    Often rises when the Yen weakens

Events & Data to Follow

  • GBP Bank of England rate decisions
  • GBP UK CPI
  • GBP UK jobs and wage data
  • GBP Government budget statements
  • JPY Bank of Japan policy meetings
  • JPY Tokyo CPI
  • JPY Ministry of Finance intervention comments

Historical Milestones

  1. 1992 GBP

    On "Black Wednesday" the Pound was forced out of the European Exchange Rate Mechanism.

  2. 2011 JPY

    After the Tohoku earthquake the Yen hit record highs, prompting G7 intervention.

  3. 2013 JPY

    "Abenomics" and massive BoJ easing began a long period of Yen weakness.

  4. 2016 GBP

    The Brexit referendum caused one of the largest one-day falls in sterling's history.

  5. 2022 GBP

    A mini-budget shock sent GBP/USD to a record low near 1.04.

  6. 2024 JPY

    The BoJ ended negative interest rates, its first rate rise in 17 years.

Why GBP/JPY Matters to Tanzanian Traders

GBP/JPY lets traders in Tanzania trade a view on two economies without the US Dollar in between. Spreads are a little wider than on the majors, so it suits traders who already know how the two currencies behave.

Compare brokers offering these pairs →

Risks & Trading Hours

  • Fiscal and political surprises. (GBP)
  • Persistent inflation risk. (GBP)
  • Sudden intervention by Japanese authorities. (JPY)
  • Sharp moves when carry trades unwind. (JPY)

Most active: London session • Tokyo session (and the London and New York sessions)

GBP/JPY FAQ

What is the current GBP/JPY exchange rate?

1 GBP is worth about 209.7222 JPY (indicative, updated 22 hours ago). Always confirm the exact rate with your bank or broker before you convert or trade.

What is the all-time high and low of GBP/JPY?

In the data we track (since 6 Mar 2024), GBP/JPY peaked at 218.3491 on 22 Jul 2026 and bottomed at 183.9706 on 7 Aug 2024.

What moves the GBP/JPY exchange rate?

GBP/JPY is influenced by the relative strength of the British Pound and the Japanese Yen. Key factors include: Bank of England policy, UK inflation, Bank of Japan policy, Interest-rate gap. See the sections above for the full list.

When is the best time to trade GBP/JPY?

Activity and liquidity are typically highest during: London session • Tokyo session (and the London and New York sessions). Spreads are usually tighter when the relevant markets are open.

Is GBP/JPY good for beginners?

GBP/JPY is one of the more liquid pairs, with tight spreads at most brokers, which makes it a reasonable choice for beginners. Practise on a free demo account first.

This page is educational. Rates, statistics and commentary are indicative and may contain errors or be out of date.

Other Currency Pairs

EUR/GBP EUR/JPY EUR/CHF AUD/JPY EUR/AUD GBP/AUD All pairs →

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