Down and down the euro goes; where it stops, nobody knows

Down and down the euro goes; where it stops, nobody knows View Gallery

The euro is heading for parity with the dollar by the end of the year, and the fall against sterling has gathered momentum. What does all this mean for us?

It’s rare that the trading desks at Goldman Sachs and Paddy Power have both come to the same conclusion: the euro’s rapid descent against the dollar will continue and plunge to parity by the end of the year, a level not seen in more than a decade.

The euro’s depreciation since last September, when the European Central Bank signalled its intent to rescue the eurozone from deflation, has been swift – sinking 17...

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