14 Apr 2014
EUR current levels uncomfortable? - Investec
FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, underlined the rising concerns from the current EUR strength.
Key Quotes
"The main news from over the weekend came from comments from the head of the European Central Bank, Mario Draghi, indicating that the central bank would implement more monetary stimulus if they witnessed further appreciation of the Euro".
"Whilst GBPEUR has been on a steady climb in recent months as the pound has been one of the best performing currencies in the G10, the single currency has appreciated against most other major currencies and it’s clear that European officials are now uncomfortable with the impact this is having on European exporters".
"‘Further monetary stimulus’ could come in the form of negative interest rates and/or quantitative easing and the news led to weakness in the euro earlier today."
Key Quotes
"The main news from over the weekend came from comments from the head of the European Central Bank, Mario Draghi, indicating that the central bank would implement more monetary stimulus if they witnessed further appreciation of the Euro".
"Whilst GBPEUR has been on a steady climb in recent months as the pound has been one of the best performing currencies in the G10, the single currency has appreciated against most other major currencies and it’s clear that European officials are now uncomfortable with the impact this is having on European exporters".
"‘Further monetary stimulus’ could come in the form of negative interest rates and/or quantitative easing and the news led to weakness in the euro earlier today."