Sterling Rises to 16-Month High Versus Euro Amid French Fiscal Concerns
Sterling reached a 16-month peak against the euro on Wednesday, driven by mounting fiscal concerns in France that weighed on the single currency. The euro fell 0.27% against the pound to 84.49 pence, its lowest point since June 2025. However, the pound weakened against a stronger dollar.
Sterling climbed to a 16-month high against the euro on Wednesday as France’s fiscal concerns kept pressure on the single currency, even as the pound slipped against a broadly firmer dollar. 49 pence, its weakest since June 2025, extending its losing streak.