Business · 12 May 2026

Sterling slides against dollar and euro

The pound slid against the dollar and the euro on Tuesday as markets watched the developing UK political crisis. Sterling fell 0.45% to $1.3550 and 0.17% to 86.72 pence against the euro, its lowest level since late April. The drop comes as concerns grow that Keir Starmer's successor could increase public borrowing and weaken UK fiscal discipline.

By BriefTea Editorial · 12 May 2026 at 11:29

Reported by Reuters · How we write briefs