The euro is looking like it could really weaken further in the future as investors fret over the future and long term stability in the Eurozone. Most analysts are now concerned over the extent to which the Eurozone and the EU will be able to hold their current plans together without further dissent amongst its members. The UK’s vote to leave is just the tip of the iceberg of what could loom longer term for the Eurozone and the Euro.
For now we are looking at more and more pressure in the run up to Christmas as we keenly await the latest developments in the Italian political pressure. The rise of Donald Trump and anti-establishment developments in the world means Italy could be the next country to experience a big shock. Plus next year we have the French and German elections which will put even more pressure on the elites.
If political pressure wasn’t enough then don’t forget the Eurozone might be looking at more QE (Qauntitative Easing) in the future which will also further weaken the Euro. Essentially the Euro is apparently coming back into the spotlight which will only make life difficult for those holding euros and waiting for GBP weakness. The flipside of course is those buying Euros now have some improvements which could make their life a little more bearable.
If you have a transfer in the future to consider now is a very important time on the markets with global politics gently unraveling and decades of consensus between leading economies becoming more complicated. If you have a transfer to consider then understanding the markets in advance as well as your options is a very smart move. If you need any assistance with a transfer I am an associate director and chief analyst who can help with any currency plans you need or wish to make.
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