As a prelude, early in 1987 he instructed the Bank of England in the foreign exchange market to keep the pound’s value close to that of the German currency.

Source: https://www.theguardian.com/commentisfree/2023/apr/08/labour-still-in-thrall-to-low-tax-regime-championed-by-my-friend-nigel-lawson

So the pound’s value compared to the Euro, which has been fairly flat in recent months, will probably have a bigger real impact on people’s lives.

Source: https://qz.com/the-pound-has-surprised-everyone-by-bouncing-back-again-1850343078

The British pound’s rise to a one-year high against the US dollar last week is another sign that GBP/USD’s medium-term fortunes could be changing.

Source: https://forextv.com/gbp-british-pound/british-pound-buoyant-ahead-of-boe-how-much-more-upside-in-gbp-usd/