Britons Abroad Already Know What Pound-Euro Parity Feels Like

  • Airport money changers are charging up to 101 pence for a euro
  • Yet options signal parity is unlikely in wholesale market

HSBC, UBS See Euro-Sterling Parity by End of Next Year

When U.K. businessman Paul Frampton bought the spending money for his family vacation to Tuscany this month, he was astonished to be charged almost a pound for each euro he purchased.

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