23/02/2026 to 27/02/2026: The pound fell to its lowest level in more than two months against the euro as Labour's crushing by-election defeat fuelled fresh doubts over Keir Starmer's leadership. Early gains, driven by strong UK data and hawkish BoE signals, unravelled amid political uncertainty.

16/02/2026 to 20/02/2026: The pound hit its lowest level of the year against the euro after UK unemployment climbed to a five-year high, with Bank of England rate cut bets keeping sterling on the back foot despite a late-week recovery driven by strong retail sales and PMI data.

The pound slipped against the euro as political turmoil surrounding Prime Minister Keir Starmer's leadership overshadowed modest UK economic data. Meanwhile, the euro found support from improving Eurozone investor confidence and solid GDP figures.

02/02/2026 to 06/02/2026: The pound surged to a five-month high against the euro mid-week before tumbling sharply after a surprisingly close Bank of England rate hold signalled an almost certain cut in March.

19/01/2026 to 23/01/2026: The pound recovered ground against the euro by the end of the week after suffering its sharpest daily fall since November, with shifting risk sentiment, mixed UK data and fluctuating expectations for central bank policy driving volatility.

12/01/2026 to 16/01/2026: The pound climbed into the mid-1.15 range as the single currency was undermined by geopolitical uncertainty surrounding Greenland, while soft German inflation data also weighed.