Lionel Messi failed to provide Paris St Germain with any sparkle as the Ligue 1 team's potent attacking trio lacked inspiration in a disappointing 1-1 draw at Club Brugge in their Champions League opener on Wednesday.
Making his first start for the French team, the Argentine forward hit the woodwork but was otherwise far from his brilliant best alongside the hugely disappointing Neymar and Kylian Mbappe, who set up Ander Herrera for PSG's first-half opener before being replaced injured after the break.
Brugge, who levelled before halftime through Hans Vanaken, were more aggressive and had the best chances against a PSG side lacking quality and defensive focus.
The result left PSG and Brugge trailing Group A leaders Manchester City by two points after the Premier League champions crushed RB Leipzig 6-3.
Liam Wheeler provides the player ratings for PSG in the photo gallery above. To move on to the next photo click on the arrows or if using a mobile device, simply swipe.
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
