As expected, the Bank of England maintained its interest rate rate at 0.050 percent. Following the announcement, the pound changed little against its major counterparts.
Presently, the pound is trading at 1.5824 against the greenback, 129.69 against the yen, 1.4553 against the franc and 0.8262 against the euro.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.