020 7898 0500It was a roller coaster week for the euro against the US dollar and sterling. There were lows below 1.12 for the GBP/EUR pairing and highs over 1.14. For the EUR/USD pairing, the low was close to 1.13 and highs just under 1.15.
Having said this, the consistency of the euro in recent times has been remarkable. With so much going on in the UK and the US, the euro appears to be just quietly plodding along. Whether this will last would be a guess, but the political fallout of their counterparts shows no signs of abating any time soon.
It will be interesting to see what Mario Draghi says this week, as there is speculation the ECB could seek to calm expectations that an exit from quantitative easing is imminent. If this were to happen, investors predict a negative case for the euro could be made.
