Economists' expectation of UK euro entry falls

UK - Financial markets indicate expectations of Britain joining the euro are receding as a result of the lack of any movement in the opinion polls, according to economists at HSBC.

Barring a last-minute change of plan, today's Queen's Speech will disappoint euro-enthusiasts hoping for a signal that a referendum will be held next year. Calculations based on market interest rates and exchange rates show that investors' expectations of the likelihood of euro entry have fallen since the summer.


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