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GBP£1 could buy less than US$1 by year end

Bloomberg ·
Bloomberg
Bloomberg

Nomura's Rochester Sees Pound Below Parity by Year End. Jordan Rochester, G10 FX strategist at Nomura, says the pound will continue its slide against the US dollar without intervention from the Bank of England and a shift in UK fiscal policy. "I think we break through the parity in cable before Christmas, and probably by the end of November," Rochester says on "Bloomberg Surveillance."

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