GBP/JPY moves below 199.00 as UK GDP falls against expected expansion

  • GBP/JPY edges lower as the United Kingdom (UK) economy declines in May, remaining in the positive territory and trading around 199.20 during the Asian hours on Friday. The UK Gross Domestic Product (GDP) declined 0.1%, following a 0.3% drop in April, against the market consensus of 0.1% growth.