Sterling parity is a risk for businesses as hard Brexit fears mount
With Westminster looking like a house of cards and no sign of rapprochement with the EU, anyone trading with Britain should buffer themselves against the currency shock of a no-deal scenario
Sterling has weakened over the summer as concerns grow that Britain may crash out of the EU without an exit deal next March. The euro has risen from 87p at the end of May to touch 91p in late August. A further weakening of sterling would be a major challenge for exporters to Britain, with talk that it could even reach parity against the euro in the event of a disorderly no-deal hard Brexit.
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