Pound sterling rose against the euro on Thursday despite persistent political uncertainty in the UK, as calmer financial markets and elevated UK bond yields continued to underpin sterling.
Domestic politics is taking on more prominence for the pound.
Pound sterling gapped lower against the euro in early Asian trade on Monday as markets digested weekend news that showed Prime Minister Keir Starmer's hold on the Labour Party was slipping.
'Short' Pound-Euro says Lloyds
- Category: EUR
Lloyds Bank says pound sterling's resilience against the euro is unlikely to last, warning that the UK economy faces an increasingly difficult mix of slowing growth and persistent inflation.