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Once Unthinkable, Parity for Sterling Is on the Horizon

by Simon White
September 2, 2022
in Business
Reading Time: 1 min read
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(Bloomberg) — The prospect of the pound hitting parity versus the greenback is changing into ever much less outlandish. The looming risk of a recession, acute dependence on international capital, hovering debt prices, and the rising probability the Financial institution of England’s independence might be circumscribed are unhealthy information for UK property, and depart bonds and the foreign money in an more and more precarious place.  





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