Sterling could plunge to parity with dollar - Citi

Sterling could plunge to parity with dollar - Citi

Sterling could plunge to parity with dollar - Citi Register now for FREE unlimited access to Reuters.com LONDON, Sept 23 (Reuters) - The UK risks a confidence crisis in its currency and sterling could sink to parity with the dollar, Citi said on Friday, after the UK government announced a series of tax cuts financed with tens of billions of pounds more in borrowing. The pound dropped 2.2% to as low as $1.10 on Friday , a new 37-year low, …