Sterling hits 16-month high against euro
Sterling climbed to a 16-month high against the euro as French fiscal worries pressured the single currency. Meanwhile, the pound slipped against a stronger dollar driven by rising oil prices.
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EUR/GBP fell 0.27% to 84.49 pence on Wednesday morning, reaching its lowest level since June 2025. The single currency extended its losing streak to a ninth straight session. Fiscal concerns in France drove the decline as markets weighed political stability ahead of the 2027 presidential election.
