Asset Management

Pound will be worth less than euro, says Europe’s largest fund manager

Amundi says the pound could fall to €0.95 in what it sees is the most the likely event of a Brexit deal that excludes financial services

Pound will be worth less than euro, says Europe’s largest fund manager
Photo: Getty Images

Amundi has predicted that even if Brexit talks lead to a relatively good outcome for the UK, one pound will be worth less than one euro for the first time in its history.

In a note this morning, Europe's biggest standalone fund manager outlined the possible deal scenarios for the UK when it leaves the European Union.

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