GBP/EUR exchange rate week review: pound hits lowest level in more than two months versus euro
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.