The Euro is likely to weaken further in the future as markets brace themselves for future concerns to be highlighted over Italy and even possibly Greece. Markets are fearful too of the impact of the Trade Wars which have been generating lots of interest, investors are linking concerns from the direction of the ECB (European Central Bank) stating that are concerned about the harm any Trade Wars will place on the Eurozone economy.
Mario Draghi has made it very clear that he and his team will be looking to raise interest rates much further in the future now, potentially by the end of the year of 2019. This will then provide some clearer insight into what the market can expect from the ECB longer term. I would expect the ECB will be looking to push this date out further as other uncertainties persist!
Clients looking to buy or sell Euros might wish to be taking stock of all of the potential factors that would drive the Euro’s value in the longer term. With Italian politics likely to remain an issue, I would be very concerned about what lies ahead for the future for some of the debt problems in the future.
Clients looking to buy Euros should be making careful consideration regarding the political and economic outlook on the continent. The Euro is looking much more vulnerable as the previous positive facade begins to crumble, this might well present much better opportunities for Euro buyers in the future.
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