From
Fund Strategy:
Morgan Stanley says Brexit-related turbulence will push the pound
lower this year before it hits parity with the euro in the first quarter
of 2018.
It adds a strengthening eurozone will contrast with softening data out of the UK, the Financial Times reports.
It predicts the euro will trade at £1.02 by the end of Q1.
The weaker UK economy will be driven by “unsustainable” household
spending funded by unsecured lending, negative real wage growth and
lacklustre productivity growth, the bank says....
Currently 1.0968:1as the BBC asks "
Why is the pound so low against the euro?"