After the special election, the British pound strengthened against the weak US dollar, but weakened against the Euro.

Despite the possibility of a challenge to Prime Minister Keir Starmer's leadership increasing, the pound fell to an 11-week low against the strong US dollar, but rose against the euro. Andy Burnham won a crucial by-election in the UK with an absolute majority, paving the way for his challenge to Starmer's leadership. His victory was largely as expected. Analysts at Danske Bank stated in a report that this increased the risk of more fiscal spending, which is negative for the pound. Data from the London Stock Exchange Group showed the pound hitting a low of $1.3160, while the euro fell 0.1% to 0.8669 after hitting a one-month high against the pound at 0.8683 overnight.