Sterling inches up against euro, dollar but remains near multi-week lows

Sterling inches up against euro, dollar but remains near multi-week lows

Source: EODHD - https://www.investing.com/news/economy-news/sterling-inches-up-against-euro-dollar-but-remains-near-multiweek-lows-4143274
Published: Jul 21, 2025 6:08 AM

LONDON (Reuters) -The British pound edged higher against the dollar and euro on Monday, but remained close to the multi-week lows it reached against both currencies last week as investor attention remains on Bank of England policy and the deteriorating fiscal picture. The pound was up 0.3% against the dollar at $1.3452, just above last week’s eight-week low of $1.33655. Britain’s economic data was mixed on balance last week - the labour market showed signs of a further cooling, while consumer price inflation unexpectedly rose to its highest in more than a year. A quarter-point rate cut from the Bank of England at its meeting on August 7 remained almost fully priced after the data, with about...

Market context: This update is relevant to EUR traders, with EURGBP as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.