Pound to Euro expected to fall further

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COULD the pound fall to just one euro?

COULD the pound fall in value so much that it is worth only one euro?

Sterling has never fallen that low before, even at the height of the financial crisis. At its lowest, in the depths of the credit crunch in late 2008, it still bought €1.03.

The most expensive bureaux de change at the airport do offer less than €1 and the market rate could be heading that way soon.

At the time of printing, the pound can buy €1.0816, up from a low of €1.0745 earlier this week.

Forecasters at HSBC expect the pound to fall to parity with the euro in the final three months of 2017 and to stay there well into next year.

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