Central banks ditching euro for Sterling

‘Concerns over political instability, weak growth, and the European Central Bank’s (ECB) negative interest rate policy have led central banks to cut euro exposure; the Financial Times reported, citing a survey of reserve managers at 80 central banks.
The results were compiled by the Central Banking trade publication and HSBC.
It shows that bankers from around the world see the UK as a safer prospect for their reserve investments than the eurozone. They favor the British currency as a long-term, stable alternative, despite uncertainty over Brexit which was formally triggered last week by the PM Theresa May.’
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