After moving broadly sideways in most part of Tuesday's Asian session, the dollar resumed its overnight downtrend against the pound ahead of the European session. The greenback is presently trading at a 4-day low of 1.6141 against the pound and a move below Friday's low of 1.6145 could set its weakest mark in nearly 6-months.
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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.