At 4.30 am ET, the Bank of England is set to release the minutes of the monetary policy meeting held on September 5 and 6. The nine-member committee left the size of quantitative easing unchanged at GBP 375 billion and retained the key interest rate at 0.50 percent.
The pound pared some of its recent gains against most of its major rivals ahead of the minute. As of 4:25 am ET, the sterling was trading at 0.8033 against the euro, 1.6260 against the dollar, 1.5084 against the Swiss franc and 128.50 against the yen.
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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.