Sterling sits pretty as volatility vanishes

According to this article from the Financial Times, published Tuesday 24 October, the UK's fiscal rules are superior to the eurozone's Stability and Growth Pact and the Treasury's opposition to joining the euro has been vindicated.

"For some time it has been self-evident that the government has shelved a decision on whether to join the euro. The single currency is not exactly a taboo subject, but it is no longer the central issue in British politics," the article says.

"Evidence is now

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