Sterling rises to a 10-month high against the euro, helped by easing concerns about potential fiscal policy under Andy Burnham, the frontrunner to become the U.K.'s next prime minister. A weaker euro due to concerns about a fragile eurozone economy also help sterling. U.K. fiscal concerns remain, however. "We have been surprised by the lack of reaction in U.K. assets to the growing likelihood that Energy Secretary Ed Miliband, rather than centrist Wes Streeting, lands the role as the next Chancellor of the Exchequer," Ebury strategist Matthew Ryan says in a note. Still, Burnham has said he will stick the the U.K.'s fiscal rules. The euro falls to a low of 0.8598 pounds. Against a stronger dollar, sterling falls 0.1% to $1.3250. (renae.dyer@wsj.com)