The Euro is about to enter a very interesting period of volatility with expectations over European politics driving the exchange rate. Most investors are eagerly awaiting the next set of developments with the European political situation before making big moves. Unfortunately for anyone holding Euros hoping for some better news the outlook for the Euro is not as positive as it has been prompting me to question whether the Euro will now enter a period of prolonged weakness.
The first big event coming up to destabilise the Euro will be the Eurogroup meeting on the 20th February which is looking to make some sense of the recent swings on the Euro rate. Investors are once again concerned over what is happening with Greece, few expect the debt to ever be repaid but most expect some kind of ‘plan’ to be formulated which would see the nerves calmed. Nevertheless the Greek debt crisis is usually a market mover and in conjunction with other events likely to unsettle the Euro is something to be concerned about.
Political concerns over French and Dutch elections are the big concerns for me as there is potential for something largely unexpected to come out of the blue and surprise the markets. For both elections extreme parties on the left and right are gaining support, the overriding concern is the strong chance of right-wing anti-EU parties gaining further support and undermining the EU and the Eurozone.
With the Euro likely to come under some clear pressure in the next few weeks now is the time to be making some plans over your Euro currency purchase or sale. If you have a transfer to make and would like some further information on everything happening to move your rate and help secure a good deal in the process please speak to me Jonny Watson. Please email email@example.com to learn more, I look forward to helping you in the future!