Rabobank: Sterling to Grind Lower Against Euro on UK Political Risks

Rabobank's senior FX strategist Jane Foley commented on the British pound's outlook, linking it to UK political developments. She sees sterling grinding lower against the euro, with attention on potential leadership by Andy Burnham and adherence to existing fiscal rules.

The bank's assessment points to continued pressure on GBP as political uncertainty weighs on sentiment. No specific levels or timelines were provided in the analysis.