Sterling steadies against dollar but drops on yen
The British pound strengthened slightly against the dollar and euro while dropping sharply against the Japanese yen on Monday. Finance minister John Healey delivered his first major economic speech outlining plans for private investment. Investors remain focused on fiscal discipline ahead of the October Budget.
The United Kingdom currency rose 0.14% against the United States dollar to $1.3573 on Monday afternoon following British finance minister John Healey's first major economic speech. The policy address offered few surprises, keeping GBP/USD gains modest as traders weighed fiscal discipline pledges against upcoming budget pressures. The move stems some previous weekly losses against major peers, though broader macroeconomic concerns linger.
