The euro-sterling EURGBP pair holds positive ground near 0.8715 during the early European session on Thursday. Political risks in the UK drag the pound lower against the EUR, while traders will keep an eye on the speech by European Central Bank’s Christine Lagarde later in the day. Manchester’s Gorton and Denton constituency is set to hold a special election to fill a vacant parliamentary seat on Thursday. This event is seen as a major test for Prime Minister Keir Starmer amid internal party discontent and low approval ratings. “A heavy defeat for the ruling Labour could re-ignite speculation over the The post UK political risks weigh on pound sterling appeared first on Financial Mirror .