Pound-euro parity by next week, predict analysts

POUND-euro parity is likely to happen in the next week, according to the Bank of New York, which said it is possible considering market liquidity is as thin as it is.

“Talk the Bank of England will cut interest rates again in January, and cut them aggressively, weighed heavily on the pound,” said Simon Derrick, chief currency strategist at Bank of New York.

The pound fell for a second day versus the euro yesterday.