Simple answers in debate are likely to mislead

LETTER - Letter published in Thursday's Financial Times from Christopher Taylor a Visiting Fellow at the National Institute of Economic and Social Research, London.

Sir, The findings of my study on sterling volatility and the euro are much more balanced than your report implies ("Euro 'would boost UK by ending volatility'", 5 July). My main conclusion is that joining the euro might reduce UK exchange rate volatility by between one-third and two-thirds. However the answer, as my paper made clea