The euro continued to creep higher against the pound in early deals Tuesday, rising to a weekly high of 0.8092 around 6:50 am ET, up by more than 30-pips or 0.40 percent from yesterday's close of 0.8059.
The euro-pound pair is fast approaching the key 0.81 level and a move beyond the next major supply zone of 0.8105/20 could set the cross to its strongest level in 4-months.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.