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


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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