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Sterling reached a 16-month peak against the euro on Wednesday, driven by France's fiscal worries that pressured the single currency. The euro fell 0.27% to 84.49 pence, its lowest since June 2025, and also slumped 0.6% against the dollar to 1.1199.
Iran For Min Spox: Tehran Conveys Conditions Through Qatar - Trump Meets Mideast Leaders As Regional Wars Widen - Ukraine Pres Asks Trump For Winter Arms Package - US Mortgage Rates Surge Above 7% To A More Than Two-Year High - Pres Trump Expected To Meet Xi Planeside In Rare Greeting - ECB s Nagel: Oil Price Becoming
Trump: Iran Agrees To Just About Everything US Needs Trump Allies Double Down On Efforts To Reshape Federal Reserve ECB Is In Good Position After June Rate Hike, Moulin Says Euro-Zone Business Activity Revised Up To Stagnation For June ECB's Lagarde Says She Won't Rule Out Early Departure German Services Contraction Ea
ECB research suggests Iran war could severely impact euro zone consumers, exacerbating economic downturn. This may lead to decreased consumer spending and economic growth.