Yesterday Eurozone inflation figures slipped 0.2% from the previous month, which was point of a percent lower than analysts had anticipated, undoing recent progress that the Eurozone was seen to be making. Earlier on this year, inflation in the Eurozone had started to rise, with analysts starting to believe that Mario Draghi’s stimulus package, which includes pumping money into the economy, purchasing assets from the government and charging banks to deposit large sums of money overnight had started to pay off.
Mario Draghi today will face a fresh set of questioning following yesterday’s inflation data, with many thinking that he may look at act as early as Decembers policy meeting. The most likely outcome will be an extension of the quantitative easing programme which is due to end in March 2017. Any hint to additional stimulus normally weakens the currency in question. This is definitely an event to watch for any clients looking at buying or selling Euros, follow the event with us live by getting in contact with your broker.
Angela Merkel met with President Obama yesterday and gave a hint into future relations with US, now that Trump has newly been elected president. Angel Merkel concluded that the TTIP (Transatlantic Trade and Investment Partnership) will not be concluded at this point. Is this a sign that trade deals with the Eurozone and the US are set to come under pressure? Being such close alias with Barack Obama may have come at a cost for Germany, the powerhouse of the Eurozone.
Earlier this week Angela Merkel also denied claims that she would be running for a 4th term. The next leader of Germany will have to pick up the pieces and potentially a new trade deal with the United States. I personally believe that this will present itself into Euro weakness in the long term.
There are so many unanswered questions at the moment that alerting your broker to any requirements you have, could make the difference to trading at the best levels. Alternatively, email email@example.com if you would like to discuss an upcoming transfer in more detail.
First class foreign currency provider, great rates and outstanding customer service.
Great service very professional but with a personal touch. Everything went smoothly with no fuss. Would highly recommend.
It was really refreshing to go through a process that had absolutely no hiccups at all, the service that we were offered exceeded our expectations. We would unreservedly recommend the company to anyone seeking to exchange currency.
Very efficient service. I’ve never used a service like this before & was purchasing a house in France. It was all explained very well & I was kept informed all along the process. Putting a deposit down to pre-book the rate also saved us a fortune.