The pound that strengthened against its major counterparts in early Friday Asian deals pared gains after 6:00 pm ET. The pound thus eased from a 4-day high against the dollar and the yen.
The pound that rose to a 4-day high of 1.5089 against the dollar at 6:05 pm ET and 136.87 against the yen at 6:15 pm ET weakened thereafter. As of now, the pound-yen pair is trading near yesterday's close of 136.37. Against the dollar, the pound is currently worth 1.5050, down from yesterday's close of 1.5063. If the pound slides further, it may likely target 134.0 against the yen and 1.487 against the dollar.
The pound declined against the euro after reaching a high of 0.9072 at 6:00 pm ET. At present, the euro-pound pair is worth 0.9093, compared to yesterday's close of 0.9084. The next downside target level for the UK currency is seen at 0.914.
The pound climbed to 1.6119 against the franc before losing ground at 6:00 pm ET. Presently, the pound-franc pair worth 1.6090 with 1.601 seen as the next downside target level. At yesterday's close, the pair was quoted at 1.6100.
Looking ahead, Japan's final industrial production report for January is due at 11:30 pm ET.
The German wholesale price index for February, French January current account and the Euro-zone January industrial production are expected in the European session.
The U.S. advance retail sales for February, business inventories for January and the preliminary report of the Reuters/University of Michigan's consumer sentiment survey for March have been slated for release in the New York session.
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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.