Pound holds near 17-month high on euro
The pound hovered near a 17-month high against the euro and dipped versus the dollar as markets awaited the British budget. Finance minister John Healey faces the task of balancing bond investor expectations with household support.
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The pound held near a 17-month high against the euro during Monday's morning trade as the United Kingdom prepared for a crucial budget announcement. EUR/GBP traded at 83.67 pence, edging closer to last week's peak of 83.63 pence, its strongest level since May 2025.
