The British pound weakened against other major currencies in the European session on Tuesday, amid political unrest in the United Kingdom (UK) and growing anticipation of imminent rate cuts by the Bank of England (BoE).
Due to the aftermath from the Jeffrey Epstein incident, Scottish Labour leader Anas Sarwar called on UK Prime Minister Keir Starmer to resign, posing a serious challenge to his leadership.
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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.