Crédit Agricole Corporate and Investment Bank
June 12, 2026
GBP: The GDP Data Ahead of a Make-or-Break Week for the GBP
Daily UpdateFXOther
The report highlights risks to the GBP ahead of UK GDP data and potential political shifts. Meanwhile, USD/JPY's strength persists despite intervention concerns.
Key Takeaways
- 1.The UK economy faces downside risks for the GBP ahead of UK GDP data and upcoming political by-elections.
- 2.USD/JPY remains at risk of challenging 162-164, with potential for FX intervention to support the JPY.
Table of Contents
- Asia overnight
- GBP: the GDP data ahead of a make-or-break week for the GBP
- JPY: re-thinking the Plaza Accord?
- Latest publications
- Open trade recommendations
- Key events
- FX Research advanced tools
- Red Mount Analytics
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Authors
Valentin MarinovDavid ForresterAlexandre Dolci
Securities
GBPUSDUSDJPY
Themes
Geopolitical TensionPolitical Risk
Regions
Asia PacificUnited KingdomJapanUnited States