At 4.30 am ET, the Office for National Statistics is set to release U.K. consumer and producer price figures. Annual inflation is forecast to slow to 2.6 percent in April from 2.8 percent in March.
Output prices are forecast to fall to 1.4 percent in April from 2 percent in March. Similarly, input prices are expected to drop to 0.3 percent from 0.4 percent.
The British currency showed mixed trading ahead of the report. While the pound held steady versus the yen, it drifted weaker against the rest of majors.
As of 4:25 am ET, the sterling was trading at 1.4730 against the Swiss franc, 0.8458 against the euro, 156.38 against the yen and 1.5228 against the US dollar.
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Forex News
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.