The US dollar remained weaker against the pound in early New York deals on Thursday, falling to a 2-day low of 1.5281 as a number of economic data out of the U.S. disappointed the market.
Further selling pressure could lead the dollar to test the 1.53 level against the pound in the near-term and move further below that point could eventually lead a test of its 100-day SMA at 1.5475.
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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.