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Eurozone Deflation Concerns Prove Justified (Matthew Vassallo)
The Eurozone slipped into deflation today, as concerns over the single currency economy continues. The EUR did make some inroads into the Pound earlier this week but this was only a reaction to the aggressive move we saw for Sterling last Friday, when GBP/EUR rates hit a fresh two year high.
The on-going economic instability inside the Eurozone is not helping to breed investor confidence in the EUR and this is why we are seeing the single currency lose market positon. I believe it is only a matter of time until the European Central Bank (ECB) instigate aggressive rounds of Quantitative Easing (QE), in order to counter deflation and try and bring some economic stability back to the region.
Looking ahead and tomorrow’s Bank of England (BoE) interest rate decision is likely to dominate headlines, although I do not anticipate a change of stance by the BoE. We also have Eurozone Retail Sales figures and further inflation data, both of which are considered key market data.
If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on [email protected]
Source: http://www.eurorateforecast.com/2015/01/07/eurozone-deflation-concerns-prove-justified-matthew-vassallo/
