Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Sterling steady near recent highs on dollar and euro
    Finance

    Sterling steady near recent highs on dollar and euro

    Published by Global Banking & Finance Review®

    Posted on December 29, 2025

    2 min read

    Last updated: January 20, 2026

    Sterling steady near recent highs on dollar and euro - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:UK economyforeign exchangeinterest ratesfinancial marketscurrency hedging

    Quick Summary

    Sterling remains stable against major currencies in thin holiday trading, influenced by recent Bank of England decisions and upcoming economic data.

    Sterling Steady Near Highs Amid Dollar and Euro Movements

    LONDON, Dec 29 (Reuters) - The pound held steady against both the dollar and the euro in thin holiday trading on Monday with little in the way of scheduled events that could move the currency until the new year.

    Sterling was last up 0.07% on the dollar at $1.35091, a touch below the three-month high it hit last week.

    It was also a fraction firmer on the euro at 87.12 pence to the common currency, again just shy of last week's levels, the pound's strongest since October.

    Trading has been thin around the Christmas holiday period in Britain, and remains so in the run-up to the New Year holiday.

    That has left sterling still largely shaped by the Bank of England meeting earlier in December.

    The BoE cut interest rates after a narrow vote by policymakers, but it signalled that the already gradual pace of lowering borrowing costs might slow further.

    Should that materialise, that would see the pound remain supported versus other currencies, particularly the dollar, with the Federal Reserve expected to continue easing next year.

    Manufacturing activity data due on Friday will give the next indication of the state of Britain's economy. Important inflation and employment data are not due until well into January.

    (Reporting by Alun John; Editing by Andrew Heavens)

    Key Takeaways

    • •Sterling remains stable against the dollar and euro.
    • •Thin trading due to the holiday season.
    • •Bank of England's recent interest rate cut influences the pound.
    • •Upcoming manufacturing data to provide economic insights.
    • •Inflation and employment data expected in January.

    Frequently Asked Questions about Sterling steady near recent highs on dollar and euro

    1What is the Bank of England?

    The Bank of England is the central bank of the United Kingdom, responsible for issuing currency, setting monetary policy, and maintaining financial stability.

    2What is foreign exchange?

    Foreign exchange, or forex, is the global market for trading national currencies against one another, facilitating international trade and investment.

    3What are interest rates?

    Interest rates are the cost of borrowing money or the return on savings, expressed as a percentage of the principal amount, set by central banks and influenced by economic conditions.

    4What is currency hedging?

    Currency hedging is a financial strategy used to protect against potential losses from fluctuations in exchange rates by using financial instruments like options and futures.

    5What is the UK economy?

    The UK economy refers to the economic system of the United Kingdom, characterized by a mix of private and public enterprise, and influenced by factors such as trade, investment, and monetary policy.

    More from Finance

    Explore more articles in the Finance category

    Image for Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Image for Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    View All Finance Posts
    Previous Finance PostPutin tells army to press on with campaign to take southern Ukrainian region
    Next Finance PostGreece, Israel and Cyprus to step up joint exercises in eastern Mediterranean