The British pound extended its losses against the euro but steadied against the dollar on Thursday. This reflects ongoing market volatility and economic uncertainties. Sterling has been under pressure recently.

The British pound further eased against the euro and hovered at one-and-a-half month lows on Monday following its biggest weekly loss in over two years versus the shared currency, though it steadied against the U.

The Pound-to-Euro exchange rate extended a run of losses to below 1.19, going as low as 1.1866 on Tuesday. The Pound-to-Dollar exchange rate snapped a run of gains to fall to a daily low of 1.2860.

Sterling rose against the dollar on Tuesday as fears of a U.S. recession drove traders away from the greenback, though the British currency was set for its seventh straight day of losses against the resurgent euro.