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.

HSB

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