• EUR/GBP drops to 0.8603, its lowest level since August 2025

• Drop influenced by EUR/USD fall to an EBS 13-month low of 1.1338

• GBP/USD simultaneously falls to 1.3171, its lowest level since Friday

• 0.8598 was EUR/GBP low in August 2025. Tuesday low was 0.8615

• Starmer ally Jones backs Burnham after being reassured on economic plans

• Burnham is set to replace Starmer as Britain's prime minister on July 17

EURGBP


(Robert Howard is a Reuters market analyst. The views expressed are his own)