Currency pair
GBP/JPY
The relative news tone between the British pound and the Japanese yen, and the official readings of both currencies side by side, without combining them.
Relative news tone (24 h)
-0.26
The tone of GBP is more negative than that of JPY
Low confidence
Declared by the AI and not yet calibrated.
It is half the difference between the tone of GBP and that of JPY. Updated 6 hours ago
Pohuant publishes general, descriptive information. It is not investment advice or a recommendation to buy or sell any instrument. Trading in the markets involves a risk of loss.
Readings by factor
Where each official series stands against its own history. These are not forecasts.
British pound (GBP)
Relative strength
Performance against the other 7 currencies, 20 sessions (ECB rates)
0.12 %
Percentile 48 of 5 years · Usual
-1.08 pp over 1 week · Data as of Oct 28, 2026
Performance against the other 7 currencies, 60 sessions (ECB rates)
0.19 %
Percentile 46 of 5 years · Usual
-0.34 pp over 1 week · Data as of Oct 28, 2026
Macro
Macro momentum: official indicators against their trend (−1 to 1)
0.24 index
Percentile 58 of 5 years · Usual
+0.23 index over 1 week · Data as of Oct 24, 2026
CFTC positioning
Asset managers' net position in CME futures (% of open interest)
-53 %
Percentile 2 of 3 years · Very low
+1.3 pp over 1 week · Data as of Oct 20, 2026
Leveraged funds' net position in CME futures (% of open interest)
9.5 %
Percentile 25 of 3 years · Low
+5.6 pp over 1 week · Data as of Oct 20, 2026
Rates and curves
Central bank policy rate
3.75 %
Percentile 42 of 5 years · Usual
No measurable change · Data as of Oct 19, 2026
10-year bond
5.33 %
Percentile 98 of 5 years · Very high
-8.77 bp over 1 week · Data as of Oct 26, 2026
5-year bond
4.96 %
Percentile 99 of 5 years · Very high
-1.68 bp over 1 week · Data as of Oct 26, 2026
Valuation
Real effective exchange rate against its 10-year trend
6.9 %
Percentile 89 of 15 years · High
-0.9 pp over 1 month · Data as of Sep 30, 2026
Japanese yen (JPY)
Relative strength
Performance against the other 7 currencies, 20 sessions (ECB rates)
-0.59 %
Percentile 51 of 5 years · Usual
-0.75 pp over 1 week · Data as of Oct 28, 2026
Performance against the other 7 currencies, 60 sessions (ECB rates)
1.56 %
Percentile 82 of 5 years · High
-2.14 pp over 1 week · Data as of Oct 28, 2026
Macro
Macro momentum: official indicators against their trend (−1 to 1)
0.39 index
Percentile 98 of 5 years · Very high
+0.03 index over 1 week · Data as of Oct 24, 2026
CFTC positioning
Asset managers' net position in CME futures (% of open interest)
20.9 %
Percentile 78 of 3 years · High
+3.2 pp over 1 week · Data as of Oct 20, 2026
Leveraged funds' net position in CME futures (% of open interest)
-6 %
Percentile 77 of 3 years · High
+3 pp over 1 week · Data as of Oct 20, 2026
Rates and curves
Central bank policy rate
1.25 %
Percentile 100 of 5 years · Very high
+25 bp over 3 months · Data as of Oct 20, 2026
10-year bond
2.83 %
Percentile 96 of 5 years · Very high
-9.8 bp over 1 week · Data as of Oct 27, 2026
2-year bond
1.89 %
Percentile 98 of 5 years · Very high
-2.1 bp over 1 week · Data as of Oct 27, 2026
Valuation
Real effective exchange rate against its 10-year trend
-24.2 %
Percentile 17 of 15 years · Low
+2.9 pp over 1 month · Data as of Sep 30, 2026
Recent news
Headline and link to the original outlet, with our own summary and the tone for this page.
Bloomberg - Markets ·
Healey Defends UK Budget, Warns 'Tough Decisions' AheadSubscription outlet: headline and link only.
- British pound: negative tone
Bloomberg - Economics ·
Why Does Japan’s Underlying Inflation Guide BOJ Rate Decisions?Subscription outlet: headline and link only.
- Japanese yen: positive tone
Bloomberg - Economics ·
BOJ Set to Hold Rate as Inflation Reaches Long-Awaited MilestoneSubscription outlet: headline and link only.
- Japanese yen: positive tone
Politico Europe ·
5 takeaways from Andy Burnham’s first budgetBritain's new prime minister Andy Burnham presented his first budget, described as a modest step, with 98 measures including energy bill relief and a 10 billion pound defense package for Ukraine.
- British pound: negative tone
OilPrice.com ·
Energy Crisis Shapes UK Budget as Chancellor Faces Pressure Over Defence SpendinEconomists expect John Healey's first budget to lack clear plans for raising defense spending, reforming taxes and cutting welfare, delaying major fiscal decisions.
- British pound: negative tone
WSJ - World News ·
U.K.’s Budget Ducks Hard Choices Amid Market Concerns Over DebtSubscription outlet: headline and link only.
- British pound: negative tone
FT - World ·
Bank of England able to take UK Budget in its stride despite slippage in deficit reductionSubscription outlet: headline and link only.
- British pound: negative tone
The Guardian - Business ·
Labour's 2026 budget in under three minutes – videoThe UK budget included a £100 council tax rebate for 20 million households, extended the electricity VAT cut to July, and scrapped planned fuel duty increases.
- British pound: negative tone
Bloomberg - Economics ·
UK Budget Does Little to Ease Pressure on BOE for Rate HikesSubscription outlet: headline and link only.
- British pound: positive tone
Bloomberg - Politics ·
Healey Vows Defense Spending Boost to 3% of GBP by 2030Subscription outlet: headline and link only.
- British pound: negative tone
The Guardian - Business ·
OBR slashes UK growth forecast for 2027 despite Healey’s budget measuresThe UK's independent fiscal watchdog cut its 2027 growth and living standards forecasts, citing Middle East conflict fallout, as the chancellor announced a budget including £100 household payments.
- British pound: negative tone
Bloomberg - Politics ·
Highlights From Healey's UK Budget AnnouncementSubscription outlet: headline and link only.
- British pound: negative tone
Bloomberg - Politics ·
Healey Says UK to Raise Bank Surcharge to 6%Subscription outlet: headline and link only.
- British pound: negative tone
investingLive (ex-ForexLive) ·
UK budget: Growth forecasts cut as Healey unveils £15 billion fiscal bufferEl organismo fiscal británico recortó sus previsiones de crecimiento a corto plazo, aunque el gobierno aún cree que cumplirá sus reglas fiscales con 15.000 millones de libras de margen. La previsión de PIB para 2027 se revisó a la baja con fuerza.(Summary available in Spanish.)
- British pound: negative tone
Bloomberg - Politics ·
Healey Says UK Facing ‘Global Economic Storms’ in First BudgetSubscription outlet: headline and link only.
- British pound: positive tone
Bloomberg - Politics ·
Healey’s Bank Tax Hike Set to Be Less Severe Than Lenders FearedSubscription outlet: headline and link only.
- British pound: positive tone
investingLive (ex-ForexLive) ·
Heads up: UK autumn budget puts Healey to the test as gilt markets await fiscal reassuranceThe UK autumn budget is being presented, with markets watching whether the fiscal plan reassures gilt investors. Measures under consideration include a bank tax increase, online marketplace VAT collection, energy bill relief, a fuel duty freeze and housing support.
- British pound: negative tone
The Guardian - World ·
Healey poised to overturn cut to cash Isa allowance in first budgetUK chancellor John Healey is expected to scrap plans to reduce the annual cash ISA allowance from £20,000 to £12,000, aiming to encourage more investment in shares instead.
- British pound: positive tone
Bloomberg - Markets ·
UK Budget Day: Here's What to Expect From HealeySubscription outlet: headline and link only.
- British pound: negative tone
investingLive (ex-ForexLive) ·
What are the main events for today?The UK Budget is the main European event, with the Chancellor expected to unveil targeted tax rises and cost-of-living aid. Markets will watch the OBR forecasts and fiscal headroom, estimated near £15-16bn.
- British pound: positive tone
Other pairs
Currency pair
GBP/USD
British pound · US dollar
-0.18
−10+1Negative tone · 80 stories
Currency pair
USD/JPY
US dollar · Japanese yen
-0.08
−10+1Negative tone · 66 stories
Currency pair
EUR/GBP
Euro · British pound
+0.05
−10+1Neutral tone · 30 stories
Currency pair
EUR/JPY
Euro · Japanese yen
-0.21
−10+1Negative tone · 16 stories
Currency pair
GBP/CHF
British pound · Swiss franc
Not enough news in the last 24 hours.
Currency pair
GBP/CAD
British pound · Canadian dollar
-0.35
−10+1Negative tone · 28 stories
Currency pair
GBP/AUD
British pound · Australian dollar
-0.33
−10+1Negative tone · 19 stories
Currency pair
GBP/NZD
British pound · New Zealand dollar
-0.09
−10+1Negative tone · 23 stories
Currency pair
AUD/JPY
Australian dollar · Japanese yen
+0.07
−10+1Positive tone · 5 stories
Currency pair
NZD/JPY
New Zealand dollar · Japanese yen
-0.16
−10+1Negative tone · 9 stories
Currency pair
CAD/JPY
Canadian dollar · Japanese yen
+0.09
−10+1Positive tone · 14 stories
Currency pair
CHF/JPY
Swiss franc · Japanese yen
Not enough news in the last 24 hours.