General · 24 June 2026
Sterling hits 10-month euro high on Labour cabinet speculation
Photo by Suzy Hazelwood on Pexels
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