Commerzbank predicts decline of the British pound against the euro

Analysts said Commerzbank, the end of the year, the British pound may fall against the euro to a mark of 0.94 after the announcement of the Bank of England Governor Mervyn King that the weakening national currency "very useful". As noted in the bank, if the central bank considers advantageous weakening its national currency, the currency can hardly be considered an attractive asset for investment. Central bank policy of Great Britain has been criticized even before the King's statement. If the Governor of the Bank of England will continue to adhere to his view of the national currency, it can be considered as evidence that he was not concerned about the loss of trust in this matter. Currently, the euro / pound is trading at 0.9133.