The pound edged down against the U.S. dollar in late Asian deals on Tuesday.
The pound fell below key 1.57 level, reaching 1.5694 against the greenback, reversing from fresh 4-month peak of 1.5750 hit on Monday. The pound may face next downside target level around 1.56.
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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.