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Euro Strength Could Lead to Pound Parity

Tuesday, August 29, 2017

A stronger Euro is, thanks to a stronger economic outlook in the Eurozone could lead to parity with the UK Pound. The two currencies are coming closer as the economies of both diverge, meanwhile the US Fed is less likely to raise rates after the events in Texas this week leading to greater strength in the Euro. A stronger European economy is bad for Brexit as negotiations look better for the continental negotiators.

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