GBP/EUR traded at about €1.1928 on Thursday, edging higher and within reach of €1.2000, as the euro stayed under pressure over France's finances. French 10-year government bond yields climbed to a fresh 24-year high, reflecting doubts about the government's ability to cut its large deficit while Prime Minister Sébastien Lecornu struggles to win parliamentary backing for a budget without a majority. Civil unrest and concerns about spillover into other Eurozone bond markets added to the euro's weakness. Sterling found some support after Chancellor John Healey signalled that measures to encourage entrepreneurship and ease the burden on businesses could feature in the Autumn Budget, though gains stayed modest. Weak UK retail sales could test Sterling's rally, while stronger-than-expected Eurozone PMI figures could offer the euro some support.
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Related tickers and likely impact
EUR/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 1.12168 |
| Change that session | -0.14% |
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 101.62 |
| Change that session | -0.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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