The British currency extended its morning session's downtrend against the euro and the Swiss franc in New York afternoon tarring on Friday. As of now, the sterling is trading near new multi-day lows of 0.9021 against the euro and 1.6779 versus the franc.
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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.