During European session on Wednesday, the euro eased from a 2-day high versus the British currency. The euro eased to 0.8760 at 7:10 am ET down from a high of 0.8771 hit at 6:55 am ET. The current quote for the euro-pound pair is 0.8766, compared to previous day's New York session close of 0.8744.
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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.