Market ahead of itself on UK euro entry
MARKET NEWS
LONDON -- The foreign exchange markets are pricing-in UK entry into the euro/sterling rate, but the gulf between market and public opinion is widening.
Euro/sterling forwards contracts for nine and 12 months were trading at the end of last week at around £0.67 -- a level identified by analysts as a suitable level for the pound to converge with the euro in the event of UK membership.
But the latest Barclays/Eurotrack survey for May shows the highest level of opposition from the UK public to
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