Opinion widens on UK euro entry
MARKET NEWS
LONDON -- Financial markets believe the UK will join the euro soon -- despite an increase in anti-euro sentiment from the voting public.
According to HSBC’s Pie (probability of entry) index, which is based on factors such as short-term interest rates, FX options, spot FX and bond markets, the markets see a rising probability of sterling joining in the current parliamentary term, which could last until 2006. The index rose to 54% in June, from 51.7% in May. This, said Mark Austin, chief currency
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