The Pound On Course For Parity With The Euro


The value of the pound has fallen so low that soon it could be worth just one euro.

The lowest the value of the pound has ever been was €1.03 during the credit crunch in 2008, but forecasters at HSBC are predicting parity with the euro within the final 3 months of the year, continuing into 2018. Some airport bureau de changes are already offering less than €1 per £1.

Euro Gaining Strength

The euro is getting stronger, and according to ING, a “negative psychology” has developed around the pound in financial markets. That said, most analysts expect to see the pound remain around the €1.10 mark for the foreseeable future.

More on the pound’s weakening against the euro can be found on The Telegraph’s website.