Greek Debt Problems Continue to Mount – How Will This Affect the EUR?
With Greece once again coming under the spotlight, there are serious questions over whether the country be forced to leave the EU over the coming months. The European Finance Minister is currently in Athens trying to thrash out a last minute deal, in the hope this will prevent another economic crisis gripping a country already torn by heavy austerity and rising debt.
With the markets once again focused on Greece’s economic problems, the EUR is likely to come under pressure again over the coming days as investors pull their money out of the EUR and into more stable currencies. This in turn could boost the USD against the EUR, which is considered a safer haven despite the on-going controversy surrounding President Trump.
The EUR has also lost ground against Sterling of late but has found some support under 1.18 this week, following poor UK inflation data.
My feeling for some time, has been that clients holding the single currency should be looking to protect the value against the USD and take advantage of the highs we’ve seen against Sterling in recent months. The EUR moved to near three year highs against the Pound but this was more likely due to the on-going uncertainty surround the UK’s Brexit and the negative effect this has had on our economy. This in turn has handicapped any major advances for the Pound, which has inadvertently helped to support the EUR, despite concerns about the future of the EU and the political landscape over the coming months.
With key elections in France, Germany and the Netherlands and support for far right parties in each of these countries, it is clear that all is not well inside in the EU. As the UK’s unexpected decision to leave the EU has proved, along with the appointment of President Trump, the expected result does not always come to fruition and it is clear that some people are searching for change.
Any uprising across Europe is likely to sap investor confidence in the single currency further and the current rates against the Pound in particular, could look extremely attractive in months to come.
With so many negative variables, along with economic instability and uncertainty across the region, I would simply not be prepared to gamble on a major spike for the EUR against the Pound.
If you have an upcoming EUR currency transfer to make and are concerned about the current market instability, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact us on 0044 1494 725 353 and ask one of the team for Matt.
Alternatively, I can be emailed directly on [email protected] and can answer any queries you have about the current market trends & forecasts.
Source: http://www.eurorateforecast.com/2017/02/17/greek-debt-problems-continue-to-mount-how-will-this-affect-the-eur/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.
I believe these problems are definitely going to continue, as I don’t see it stopping any time soon. I always work with keeping my safe side and it helps a lot through broker like OctaFX which is special by all means. They have lowest possible spreads at 0.1 pips to high leverage up to 1.500, zero balance protection, swap free account and then there is also daily market news update, it all is superb and works out nicely for me in every way.