Pound sterling edges lower against the euro with political risks seen building.
Pound sterling rallied against the euro in the wake of the Bank of England decision, but technicals could prove a headwind from here.
Pound sterling is under-pricing political uncertainty, say analysts, as Prime Minister Keir Starmer faces mounting pressure.
The British pound can extend its short-term rally in the next few days, but Bank of England and ECB communication will prove a challenge on Thursday.
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