Euro Could Stay Weaker vs Sterling in Near Term

Dow Jones07-01 19:40

1140 GMT - The euro falls to a one-year low against sterling and could stay under pressure in the near term as markets have turned overly negative on the eurozone while overlooking U.K. political headwinds, Monex Europe analyst Nick Rees says. "Eurozone inflation data just undershot forecasts and we see little chance the European Central Bank matches market pricing and hikes rates again." Any hints in this direction from ECB President Christine Lagarde later in the day at the ECB's forum in Portugal is likely to add pressure on euro-sterling, he says. The euro falls 0.1% to 0.8603 pounds, having earlier reached a one-year low of 0.8590, according to LSEG. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

July 01, 2026 07:40 ET (11:40 GMT)

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The euro falls 0.1% to 0.8603 pounds, having earlier reached a one-year low of 0.8590, according to LSEG. 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