Daily pound to yen (GBP/JPY) open, high, low, close price up to June 4, 2024
The yen continued to weaken against the pound on in June 2024, as investors question the country's economic plans. This is a different situation than in, for example, September 2022, when the UK government announced its plans to roll out trickle-down economics in the country - financial measures that would mostly benefit the wealthier parts of UK society and that would eventually "spill over" to other parts of the country. Such measures had been introduced before in the United Kingdom during the 1980s - when GDP did increase overall. Nevertheless, many economists and investors believed the current plans were "risky" or "an experiment", as the economy suffered from issues on the demand side.