The British sterling strengthened against most of its major rivals in early European deals on Tuesday.
The pound touched 2-week highs of 1.4986 against the franc and 0.8018 against the euro around 3:15 am ET.
Against the dollar, the sterling advanced above the 1.56 level, hitting a 4-day high of 1.5603 around the same time.
On the upside, the UK currency may find target levels at 1.50 against the franc, 1.5630 against the dollar and 0.8010 against the euro.
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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.