Forex

Pound Poised to Soar Against Euro Amid EU Fiscal Worries

Guavy AI Editorial Team Published October 3, 2026

Instruments

EUR GBP

Concerns over the euro area's fiscal outlook are driving the pound towards its biggest weekly rise against the euro in months.

The single currency, which was up 0.05% at 85.23 pence on Friday, is set for a 0.87% weekly fall, the steepest since May.

Reports suggesting progress towards a broader UK-EU reset may be modestly supportive of sterling sentiment, according to Evelyne Gomez-Liechti, multi-asset strategist at Mizuho.

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