In early European deals on Tuesday, the pound recouped its Asian session's loss against other major currencies on the back of a rally in UK stocks.
The U.K.'s benchmark FTSE 100 index is currently trading at 5,423.28, up 17.02 points or 0.32% over its previous close.
U.K. construction activity contracted in February, a survey conducted by the Markit Economics showed today. The seasonally adjusted CIPS/Markit Construction Purchasing Managers' Index fell slightly to 48.5 in February from 48.6 in January. Economists had expected the index to rise to 48.9.
Currently, the pound is worth 133.10 against the yen, 1.4940 against the dollar, 0.9020 per euro and 1.6230 against the franc, up from lows of 132.61, 1.4857, 0.9095 and 1.610, respectively.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.