The pound strengthened against the dollar in early Asian trading on Tuesday. At present, the pound-dollar pair is worth 1.5590, compared to 1.5577 hit late New York Monday. On the upside, 1.562 is seen as the next target level for the British currency.
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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.