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Sterling at four month low against euro as UK and euro zone rates diverge

Summary by WTVB
The pound dropped to its weakest level against the euro in four months on Friday as a weekly decline in gilt yields on soft British data contrasted with higher European yields on expectations the European Central Bank is done with rate cuts. The euro reached as high as 87.27 pence, up 0.24% and approaching its April 11 peak of 87.38 pence, hit at the height of tariff-induced market turmoil. A break past that would take the euro to its highest since late 2023.

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Smart Currency Business broke the news in on Friday, July 25, 2025.
Sources are mostly out of (0)