Managers reluctant to join the euro

a survey of fund managers by chase de vere highlights the fears about harmonisation and the uk housing market in a low rate environment

There is little support for the UK joining the euro, according to an opinion survey of six leading UK fund managers conducted by Chase de Vere. One of their main arguments against joining the common currency was the large number of economic differences between the UK and Europe. Furthermore, the majority of opinion favoured the view that there has been more divergence than convergence among European economies since the member states have signed up to the regime. Alan Tarver, portfolio strategist at Fidelity, said: 'Markets are splitting up, not harmonising. Germany, Ireland, Greece are...