The pound extended previous session's rallies against the currencies of the U.S. and Japan in early London deals on Thursday, a few hours before the central bank rate decisions from the U.K. and Europe.
The pound rose to 1-week highs of 1.6480 against the US dollar and 172.88 against the yen around 3:00 am ET. On the upside, the British currency may find target levels at 1.6565 against the greenback and 174.60 against the yen.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.