At 4:30 am ET, the Bank of England is set to publish the minutes of the monetary policy meeting held on June 6 and 7. The MPC decided not to raise the quantitative easing from GBP 325 billion and also retained the 0.50 percent interest rate.
In the meantime, the Office for National Statistics is slated to issue U.K. labor market statistics. The number of people claiming jobseekers' allowance is forecast to drop by 4,000 in May. The ILO jobless rate is seen unchanged at 8.2 percent for three months to April.
The pound edged lower against its major opponents ahead of the data. As of 4:25 am ET, the sterling was trading at 1.4883 against the Swiss franc, 123.99 against the yen, 1.5713 against the dollar and 0.8074 against the euro.
For comments and feedback contact: editorial@rttnews.com
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.