Extending its morning session's downward trading, the US currency declined further against the British pound in New York afternoon deals on Wednesday. At 2:20 pm ET, the greenback dropped to a fresh multi-month low of 1.6183 versus the sterling, which may be compared to yesterday's close of 1.6147.
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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.