Pound’s Decline Makes Euro Parity a Reality for Travelers: Chart

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

While some traveling Brits are already paying almost a pound for each euro at airports, parity is something that traders may also have to become accustomed to. The U.K. currency has tumbled since the nation’s Brexit vote, and HSBC Holdings Plc and UBS Group AG forecast that the unprecedented situation of a one-for-one exchange rate might occur as soon as 2017. Despite its decline, however, at about 86 pence per euro, the U.K. currency is still some way from its all-time low of 98.03 pence reached in the depths of the global financial crisis in 2008.

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