The British pound strengthened against other major currencies in the European session on Tuesday.
The pound rose to nearly a 1-1/2-month high of 1.0669 against the Swiss franc, from an early low of 1.0640.
Against the U.S. dollar and the yen, the pound advanced to 4-day highs of 1.3406 and 214.71 from early lows of 1.3331 and 213.50, respectively.
Against the euro, the pound edged up to 0.8628 from an early low of 0.8648.
If the pound extends its uptrend, it is likely to find resistance around 1.07 against the franc, 1.36 against the greenback, 215.00 against the yen and 0.85 against the euro.
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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.