Euro and sterling – love to loathe
In the country of the blind, the one-eyed man is king. The dilemma for the currency market regarding the euro and sterling is deciding which one is the least unattractive. There are many similar deficiencies for both, including uncertain growth, fiscal pressures and political uncertainty. The simplest solution would be to assume a sideways trajectory for the cross, a stance reflected in consensus expectations, which show little change over the coming year. Yet we suspect this is an
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