Sterling faces biggest weekly drop against euro since December after political and economic setbacks
The pound saw its worst weekly loss against the euro today after political turmoil and weak GDP data. Investors expect limited rate cuts despite the slowdown.
Insights:
The Pound recorded its largest weekly loss in over two months against the Euro during the week ending February 13, 2026, amid a period of heightened volatility in the United Kingdom 
GB. This sharp move in the foreign exchange market coincided with a turbulent week for the UK government / cabinet and broader domestic financial markets. The decline was punctuated by the release of disappointing economic data and shifting expectations regarding central bank policy.
GB. This sharp move in the foreign exchange market coincided with a turbulent week for the UK government / cabinet and broader domestic financial markets. The decline was punctuated by the release of disappointing economic data and shifting expectations regarding central bank policy.
