The Euro has been much weaker in the last few weeks as the ECB extend their QE program and the market becomes concerned over Eurozone politics. 2017 has not been a bad year for the Euro which has hit a 8 year high against the pound and a 2 year high against the US dollar. Overall the pound is much improved against the Euro too on the back of improved feelings surrounding Brexit. If you have a transfer to make in the coming weeks please don’t hesitate to contact our expert team to get an overview of the market and your options.
The Euro has been much weaker in the last few weeks but I don’t believe this will continue. Essentially the main drivers of Euro strength look set to persist, eg the overall strong political situation represented by Merkel and Macron plus the strong economic conditions that have given rise to the decisions by the ECB to raise rates.
What has weakened the Euro has been the Spanish situation but a majority is still something the pro independence supporters are lacking. The election in December could see some volatility but the chances are overall that the Euro will remain firm. Looking into the future and next year the Italian election in May 2018 could present some opportunities but is it really worth hanging on, what else could happen in that time?
Thank you for reading and if you need to buy or sell Euros in the future then please speak to me to get the latest news and information. We are a firm of specialist currency brokers here to help with the planning and execution of any deals. Making plans in advance on currency is never a bad idea! For more information at no cost or obligation please speak to me Jonathan Watson by emailing email@example.com.