Sterling up vs euro, flat vs dollar after brief ‘partygate’ dip

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Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger

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LONDON, May 25 (Reuters) – Sterling was flat against the dollar and rose against the euro on Wednesday, having briefly lost ground against both currencies following publication of a report detailing COVID lockdown-breaching parties at the office of Britain’s prime minister.

A failure of leadership was to blame for a culture that led to the alchohol-fuelled gatherings being held, the report by senior official Sue Gray said. read more

After its conclusions emerged, sterling fell as much as 0.4% against the dollar but by 1432 GMT was flat at $1.2530. Against a weakening euro, the pound extended gains to 85.21 pence, or 0.5%.

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The report was expected to heap further…

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