Monday, October 12, 2009
Euro Parity ahead?
"The rally came as the pound moved in the opposite direction - slumping to its lowest level against the euro in more than six months and sparking renewed fears that it could be heading for parity. Low interest rates and high levels of public debt are also behind the pound's lack of appeal for investors". "Sterling dropped to a low of 1.069 vs Euro - a level not seen since the end of March".