The pound extended its post-UK inflation decline against the US dollar ahead of Tuesday's North American deals, falling to nearly a 7-month low of 1.5139 around 6:35 am ET.
The cable continued to stay below the 1.5150 level since then, with 1.51 is seen as the next likely support level in the near-term.
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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.