The official UK currency pound sterling has hit the “rock bottom” recently. The fresh two-year low of $1.2120 against the US dollar and even crazier €1.0881 against the fellow Euro was shown this week. Experts say that all of that is due to the No Deal Brexit that can severely affect the economy.
Not wasting any time, one of the top online bookmakers has offered odds on Sterling/Euro parity before the end of a year. Just to compare, the chances of a pound levelling up with euro were 5.00 (4/1) in February, which got slashed on Tuesday to 2.63 (13/8) after the rumours of No Deal Brexit being the primary course of government's actions. With all the things happening right now the odds got cut to 2.25 (5/4) by the Wednesday morning. All aside, Sterling was worth 1.73 Euros back in 2000.