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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.

 

GBP/JPY Outlook: Slightly positive, but likely to move sideways as the rate trades well above its recent average while lacking strong directional drivers.

Key drivers:

  • The Bank of England has indicated a cautious approach towards rate cuts, which supports the British Pound against the Japanese yen.
  • Recent oil prices have remained above average, which tends to support the Yen as a safe-haven currency, but volatility could influence its strength.
  • Japan’s inflation eased to its lowest in over a year, prompting potential adjustments in the Bank of Japan’s policy, which could impact the Yen's value.

Range: Expect GBP/JPY to drift within its recent 3-month trading range without testing extremes at this time.

What could change it:

  • Upside risk: A strengthening UK jobs report could boost the Pound.
  • Downside risk: New US tariffs could intensify recession fears in the UK, impacting the Pound negatively.

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 =
212.13We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+0.1%
 
GBP to JPY at 212.5 is 2.5% above its 3-month average of 207.4, having traded in a relatively stable 6.8% range from 200.0 to 213.7
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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.

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