HSBC, UBS See Euro-Sterling Parity by End of Next Year
Euro-sterling parity is a reality that wholesale traders, as well as Britons traveling abroad, are going to have to get used to as soon as next year if forecasts by HSBC Holdings Plc and UBS Group AG are to be believed. A one-for-one exchange rate would be a first for the pound. And even with an 11 percent slide since the Brexit vote, the U.K. currency is still some way from its all-time low of 98.03 pence per euro reached in the depths of the global financial crisis in 2008. Bloomberg's John Ainger reports and UBS Head of UK Investment Office Geoffrey Yu discusses with Bloomberg's Anna Edwards on "Countdown."