Sterling reached a 17-month high against the euro on Monday, with the euro touching 83.95 pence before trading at 84.11 pence and sterling up 0.25%, according to Reuters. Reuters linked euro weakness to unrest in France and high energy prices, and French Prime Minister Sébastien Lecornu said partial local curfews were being arranged along with a fund for affected businesses. UK GDP grew 0.1% in August from July and 0.7% over the three months to August, while wholesale electricity and gas prices were more than double their levels a year earlier. The Bank of England held its rate at 3.75% in September, with six policymakers voting to hold and three backing a 0.25-point increase.
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Related tickers and likely impact
EUR/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.12393 |
| Change that session | +0.16% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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