GBP Rises to 1.3230 as Burnham Pledges Continuation of Labour Policy

The British Pound (GBP) outperformed major peers during the European session, trading 0.25% higher near 1.3230 against the US Dollar (USD). The move came after Labour figure Burnham pledged to continue current party policy.

This commitment provided a boost to the GBP, as uncertainty around possible policy shifts had weighed on the currency in recent weeks. The pair remains within the day's narrow range as traders assess further UK economic data.