Rebounding from early European session's 4-day low of 1.6194 against the US dollar, the pound rose as high as 1.6242 before holding steady around 9:20 am ET Tuesday. The cable is presently worth 1.6240 with 1.6260 seen as the next likely resistance level in the near-term.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.