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GBP to JPY 2026 Forecasts

Analysis of recent sterling → yen forecasts for 2026. We collate forecasts from respected FX analysts together with the latest British pound to Japanese yen performance and trends.

 

The GBP to JPY exchange rate is currently ranged-bound.

Key drivers affecting this are:

  • The Bank of England's recent hawkish signals suggest interest rate cuts may be paced more slowly, supporting the pound.
  • The Bank of Japan raised interest rates to 0.75%, aiming to combat inflation, which strengthens the yen, although economic outlooks remain mixed.
  • UK retail sales performance and Japan's improved business sentiment could influence future trends.

The near-term trading range is likely to show continued stability around current levels, maintaining the recent fluctuations.

Upside risks include stronger-than-expected UK retail sales boosting the pound, while downside risks feature broader economic challenges in the UK that could pressure the pound. Furthermore, fluctuations in oil prices could also impact the Japanese yen, as it influences trade balances.

GBP-JPY Rate Calculator

 
   
   
   
   
 
   
 
 

GBP to JPY Market Data

British pound (GBP) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell GBP   →   Buy JPY
1 GBP =
210.94We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+0.1%▲
 
GBP to JPY at 210.9 is 2.7% above its 3-month average of 205.3, having traded in a relatively stable 6.8% range from 197.9 to 211.4
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Compare & Save - British pound to Japanese yen

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare British pound (GBP) to Japanese yen (JPY) rates from different sources before making a conversion.

Use our GBP to JPY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Sterling to Yen currency rates and the possible savings of using various providers.

 
 

Will the British pound rise against the Japanese yen?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the British pound vs Japanese yen current value is to look the GBP/JPY historic rate and change over a range of periods.

The following table looks at the change in the GBP to JPY exchange rate over periods from the previous week back to the last 10 years.

DateGBP/JPYChangePeriod
18 Dec 2025
208.22
1.3% ▲2 Week
03 Oct 2025
198.55
6.2% ▲3 Month
01 Jan 2025
197.46
6.8% ▲1 Year
02 Jan 2021
141.16
49.4% ▲5 Year
04 Jan 2016
175.87
19.9% ▲10 Year
06 Jan 2006
202.93
3.9% ▲20 Year
GBP/JPY historic rates & change to 01-Jan-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add GBP/JPY to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more