Analysts divided over course of pound against euro

Currency turmoil: The sterling is on track for its biggest annual decline against the euro since 2008, and the median forecast in a Bloomberg survey of economists sees the pair reaching 86 pence by the end of next year, with a range of 73 pence to one pound per euro. – Bloomberg

LONDON: For analysts trying to plot the course of the pound against the euro in 2017, the key decision is judging which side of the English Channel will see greater political turbulence.

Strategists are trying to pinpoint whether the UK’s exit process from the European Union (EU) or the rise of populism in the rest of Europe carries the bigger risk.