Economy - Strength of sterling

Diana Choyleva, chief economist at Lombard Street Research, reckons that sterling’s poor performance poses a problem for the UK economy in Business XL’s February 2008 edition:
“One issue that will dog the UK economy is the performance of sterling, which is likely to continue to depreciate against the euro. Sterling is particularly exposed to a fall against the euro, with growth and interest rates likely to hold up better in the eurozone than in the UK.”