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.

洞察:
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 GBGB. 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.
FILE PHOTO: Pound notes are seen inside a basket at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha/File Photo
FILE PHOTO: Pound notes are seen inside a basket at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha/File Photo
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