Pound Falls Against Yen After Healey's Speech Amid Focus on October Budget

The pound had a quiet day against major currencies, except for Japan, where it fell 0.8% to 209.41 yen - its lowest since February.

UK Finance Minister John Healey's first major economic speech did not change the outlook for UK policy, leaving currency traders with little new to price in.

The attention shifted to the October Budget, where the government will have to fund priorities like homebuilding and social care without loosening the fiscal 'rules'. This is seen as a bigger challenge than Healey's speech.