The British pound fell to a record low against the euro on Friday for the fifth consecutive day, hitting euro1.118 as some analysts predicted the British currency is eventually headed for parity, or one pound to the euro.
It was the pound's weakest rate since the euro was launched in 1999, and the rate for British travelers closed the gap with parity still further, with some exchange bureaus offering euro1.07 to the pound.
"It's looking like it's going to hit parity in the first quarter of next year," said Mark Deans, a dealer at Moneycorp in London.
The pound has fallen by around 20 percent against the euro in the past year as the Bank …
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