General · 24 June 2026
Sterling hits 10-month euro high on Labour cabinet speculation
Currency changes can affect holiday costs and imported goods, while traders watched for signs about Britain's next finance minister. Sterling reached a 10-month high against the euro on Wednesday as attention turned to Andy Burnham's expected appointments following Labour leadership developments. Wes Streeting was seen as a likely choice, and the euro traded at 86.03 pence, its weakest level since August 2025.
Reported by Reuters · How we write briefs