*British pound falls to 1.6519 against dollar, 1.7712 versus franc and 161.86 against yen

French Consumer Prices Decline In May

*Yen Bounces Back Against Pound; Pair Now Worth 161.70

*British pound falls from new multi-month high against euro; now trading at 0.8530

*Chancellor Darling "confident but also cautious" over the prospects for the UK economy: FT