The pound firmed against the Swiss franc and the euro on Tuesday's early European session after the release of second estimate of U.K. third quarter GDP data.
The pound is trading at a 4-day high of 1.4908 against the franc, reversing from previous session's multi-week low of 1.4841. The next upside target level for the pound-franc pair is seen at 1.495.
Against the euro, the pound is worth 0.8084, off Asian session's multi-week low of 0.8116. If the pound extends gain, it may break 0.80 level.
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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.