In the European session on Friday, the pound reversed its direction against the U.S. dollar and advanced to a 2-day high of 1.5568. This may be compared to an early low of 1.5478. If the pound gains further, it may target 1.56 level. The pair ended Thursday's deals at 1.5564.
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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.