The euro has hit its strongest level since 2009, rising above 92p this week. And since April, the euro has rallied 12% against sterling from lows of 83p. Much of this rally centres around speculation that the EU could taper its quantitative easing programme and a better set of economic numbers coming out of the EU in recent times.

This, coupled with a weaker sterling against a basket of currencies as a result of the uncertainty around Brexit and the corresponding fragile economic environment, could see euro-sterling parity before the end of the year. But not all market analysts agree that the euro is heading for parity, with many saying that sterling looks extremely undervalued.