In late Asian deals on Thursday, the pound declined against the Swiss and European counterparts.
The pound slipped to a 3-day low of 1.5007 against the franc and a 2-day low of 0.8008 against the euro, compared to Wednesday's closing value of 1.5035 and 0.7992, respectively. On the downside, the pound may target 1.495 against the franc and 0.805 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.