Analysts Embrace Pound Strength Versus Euro as Parity Calls Fade
HSBC's Bloom Says Euro-Sterling Is 'Flat as a Pancake'
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And to think that analysts were calling for the pound to reach parity against the euro.
The Bank of England’s hawkish rhetoric on Thursday has caused Toronto Dominion Bank Ltd. to double down on its call for a rate increase in May and bet on more strength in the pound versus the euro. It is a trade the Canadian bank is sticking to even after sterling slid on Friday as the European Union’s chief negotiator Michel Barnier said a Brexit transition deal wasn’t a given.