Pound Sterling to Euro

The Pound Sterling strengthens against the US Dollar due to expectations of a Fed interest rate cut in September, while UK annual inflation hits the 2% target. Investors focus on the US ISM Manufacturing PMI for further guidance on interest rates. In France, the euro rises as the far-right party's election outcome remains uncertain, leading to a hung parliament scenario. Sterling's performance against the euro is influenced by UK political stability expectations post-election and fears regarding the euro's safe-haven status. Analysts foresee potential pressure on the pound based on election outcomes. Both currencies are affected by macroeconomic performance and monetary policy expectations.