JPMorgan Chase & Co. and Banco Bilbao Vizcaya Argentaria SA are advising investors to buy euros and sell pounds before the UK Spring Statement on Wednesday. They predict the pound will drop to 85 pence per euro, its lowest since August, by the end of the next quarter. Kit Juckes from Societe Generale SA believes the current investor positioning on the pound doesn’t align with the UK’s poor public finances, and expects the currency to decline against the euro as markets adjust their expectations
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