Extending previous session's rally, the pound touched a 5-day high of 1.5642 against its US counterpart around 6:00 am ET Tuesday. The cable is presently worth 1.5640 with 1.5750, its 200-day simple moving average level, seen as the next likely upside target level.
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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.