Alongside negative interest rates, many analysts are suggesting that the bond buying scheme known as quantitative easing (QE) could be on the horizon. With Mario Draghi set to leave his post at the end of October and head of the IMF Christine Legard set to take over, markets are trying to predict whether Mr Draghi will start the QE program before he leaves.

History tells us when a central bank starts a QE program the currency tends to come under scrutiny and is most likely to devalue against its counterparts. It’s been a tough year for the eurozone due to the global slowdown however I expect the euro could come under pressure once more throughout the last quarter of 2019.

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