Euro-pound parity looks remote, but so does a big rally

by | December 15, 2017 1:31 am

When a euro was worth as much as 93 pence during the summer, two things dawned on investors: the euro-sterling exchange rate was heading for parity and the currency pair was the best proxy for evaluating Brexit. In which case, the market view now is that Brexit risk for the UK is abating. Since that…

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