14/06/2022
The British bank mapped the effects of climate change on exchange rates, saying rising temperatures and associated economic costs could pose "rising and costly risk, with tangible FX impact".
In the bank's most severe scenario, the euro is the outperformer, appreciating 0.5% against the dollar by 2030 and 3.9% on average over the next five decades, with euro zone's trade openness helping soften the economic impact of global warming.
