The British pound gained ground in early Asian deals on Tuesday after hitting a low of 1.5999 against the US dollar at 9:25 pm ET. The pound-dollar pair thus climbed to a 5-day high of 1.6020 at 1:45 am ET with 1.616 seen as the next target level. The pair closed Monday's North American session at 1.6003.
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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.