At 5:30 am ET Wednesday, the Bank of England is due to release its quarterly inflation report. Ahead of the report, the pound fell against other major currencies. At 5:23 am ET, the pound traded at 1.5584 against the dollar, 122.10 against the yen, 0.7943 per euro and 1.5120 against the franc.
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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.