The pound that recovered from its late Asian session's low against the U.S. dollar failed to maintain gains and slipped again in European deals on Friday.
The pound dropped to as low as 1.5689 per dollar with 1.56 seen as the next downside target level. The pound-dollar pair closed yesterday's deals at 1.5735.
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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.