Pound must drop further - Treasury

The Treasury says that the pound must fall significantly further against the euro before the exchange rate would be favourable for adopting the euro. The statement comes in one of the supporting studies published this morning ahead of the chancellor's statement on the single currency in Parliament this afternoon. Knowledge of continued currency fluctuations could be important for advisers helping clients purchase property or other assets. Sterling has already fallen about 9% against the European currency this year, and nearly 15% since October last year. But toda...