GBP/JPY fell to year low

Market news

23 December 2010

GBP/JPY fell to year low

GBP/JPY opened at Y128.58 and briefly rallied to Y128.76 before being dragged down by the early dollar move to a low of Y128.06. This was then extended in Europe to Y127.40 (year low of Y126.45 seen on Oct 25).

HUNGARY: Fitch Ratings has downgraded the Republic of Hungary's Long-term rating (IDR) to 'BBB-' from 'BBB' and the outlooks remain Negative.

EUR/JPY holds at lows

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