Reply To: Pound to go below Euro


Weak Sterling is a central plank of the Bank of England’s recovery strategy. It’s in the interests of the UK to keep Sterling low against it’s principal trading partners. Exports, goods and services stay competitive and give UK an important trading edge.
An exchange rate reflects the economic state of a nation unless its in an artificial system called Eurozone.
I expect Sterling to remain near parity with the Euro for some time. Best guess – 2 years.