Against its US counterpart, the British currency extended its uptrend during late New York deals on Wednesday. The sterling is currently trading near a new multi-month high of 1.5884 versus the greenback, compared to 1.5788 hit late New York Tuesday.
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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.