‘Tis the summer season, a nice time for taking a plunge or a nice refreshing dip. Sterling of course took a plunge in July on the hardening rhetoric around a no-deal Brexit.
An Investec currency analyst has raised the spectre of sterling moving to parity with euro and beyond in the event of a messy Brexit. The analysis predicts the euro will be at 91p sterling in the short term, which is where it nearly hit in mid-July.
A no-deal exit will hit the euro as well as sterling so might mitigate some of the damage in the event of that outcome.
As before, the Tanaiste Simon Coveney is spelling out disastrous outcomes in the run up to the new British PM being crowned.
Now Boris has taken over at the top - the next 100 or so days are going to be very interesting indeed!
