Recovering from an early Asian session's low, the pound gained against the U.S. dollar in the early European session on Monday.
The pound is now worth 1.5889 per dollar, up 0.27 percent from more than a 2-month low of 1.5846 hit in early Asian deals. The pair finished Friday's trading at 1.5869.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.