General · 29 June 2026
Pound holds firm before Burnham talks on economy
Photo by Suzy Hazelwood on Pexels
People and businesses are watching for signs about Britain's economic direction as financial markets remain cautious. Sterling stayed little changed on Monday before Andy Burnham's planned speech, while investors looked for clues on growth plans and awaited his choice for finance minister after Keir Starmer announced his resignation last week. Speculators hold a $8.72 billion short position against sterling.
Reported by Reuters · How we write briefs