Extending its 5-day losing streak, the pound reached 1.4689 against the Swiss franc around 2:30 am ET Wednesday, its weakest level since May 2012. The pound-franc pair is now hanging in the 1.47 area with 1.4660 seen as the next likely support level.
The sterling also slipped to a 2-day low of 1.5811 against the dollar around this time. The cable is now trading just a few pips short of Monday's fresh multi-month low of 1.5808 with 1.5790 seen as the next likely downside target level in the near-term.
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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.