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Sterling Slides to $1.32 as Burnham Premiership Prices In

6/30/2026

29 7 Full Breakdown

Summary

Story summary

The pound fell to $1.3233 on June 30, 2026 after markets priced in Andy Burnham, prime minister-in-waiting, premiership.
Sterling dropped 0.2% to $1.3233, ending a three-day gain streak.
Against the euro, the pound rose to 86.10 pence, near its weakest level since August 2025.
Kit Juckes, chief FX strategist at Societe Generale, said Burnham’s devolution talk did not hurt sterling and squeezed out some bears.

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Story summary

The pound fell to $1.3233 on June 30, 2026 after markets priced in Andy Burnham, prime minister-in-waiting, premiership.
Sterling dropped 0.2% to $1.3233, ending a three-day gain streak.
Against the euro, the pound rose to 86.10 pence, near its weakest level since August 2025.
Kit Juckes, chief FX strategist at Societe Generale, said Burnham’s devolution talk did not hurt sterling and squeezed out some bears.