FT says central banks are dumping euros, favour sterling

Financial Times citing a a survey published Monday of reserve managers at 80 central banks

• Central banks are dumping euros amid concerns over political instability, weak growth and the European Central Bank"s negative interest rate policy - and favour sterling as a long-term, stable alternative.
  


• The results - compiled by trade publication Central Banking Publications and the bank HSBC earlier this year - show some respondents have cut their entire exposure to the euro, while others have reduced their holdings of investments denominated in euros to the bare minimum.

FT piece is here: Central banks ditch euro for sterling amid bloc jitters

FT says central banks are dumping euros, favour sterling
FT says central banks are dumping euros, favour sterling
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