Business · 1 hour ago
British pound hits its highest level against the euro in 16 months
Photo by Suzy Hazelwood on Pexels
The euro dropped about 2% against sterling over three weeks due to expensive oil and French financial worries. Meanwhile, traders kept the currency steady against the US dollar at $1.3262 on Wednesday while waiting for new American inflation numbers. Back in Britain, finance minister John Healey will reportedly use tax increases or spending reductions for his October budget.
Reported by Reuters · How we write briefs