"The pound is down against the Euro.....
which makes one Euro worth 85 pence..."
"The pound is up against the Euro, which makes one Euro equal 85 pence..."
"The pound has hardly budged today, meaning one Euro is worth roughly 85 pence...."
"The pound has been scraping along the bottom of the barrel of currencies today, it's down against the Euro, so that one Euro is now worth very slightly more than 85 pence..."
"If you're off on your summer holidays, you'll be pleased to hear the pound is up against a basket of currencies. This includes the Euro, which as of today is worth just 85 pence..."