The pound underperformed against the U.S. dollar ahead of the European session on Wednesday.
The pound fell to a 6-day low of 1.6022 against the greenback, down from Tuesday's close of 1.6067. The next downside target level for the pound is likely seen at 1.598.
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Forex News
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.