May Bank Holiday weekend – and what confusion on the markets.
With the prospect of a “hung parliament” in the UK and the European crisis elsewhere, the currency markets don’t know which way to go.
A hung parliament would bring with it uncertainty for the markets (equities & the £), so the week ahead will define the way forward.
In Euroland the so-called PIGS (Portugal, Italy, Greece & Spain), are still in big trouble, especially the latter two. Riots on May Day In Greece in response to the austerity measures required as part of their rescue package, whilst in Spain, they have just announced unemployment at over 20%.
If there is a decisive result in the UK elections, I would expect Sterling to surge ahead in the weeks ahead, perhaps towards 1.20 and even 1.25, which would be a great buying opportunity for UK buyers looking to acquire a property here in France.
Peter Elias http://www.allez-francais.com/
With the prospect of a “hung parliament” in the UK and the European crisis elsewhere, the currency markets don’t know which way to go.
A hung parliament would bring with it uncertainty for the markets (equities & the £), so the week ahead will define the way forward.
In Euroland the so-called PIGS (Portugal, Italy, Greece & Spain), are still in big trouble, especially the latter two. Riots on May Day In Greece in response to the austerity measures required as part of their rescue package, whilst in Spain, they have just announced unemployment at over 20%.
If there is a decisive result in the UK elections, I would expect Sterling to surge ahead in the weeks ahead, perhaps towards 1.20 and even 1.25, which would be a great buying opportunity for UK buyers looking to acquire a property here in France.
Peter Elias http://www.allez-francais.com/
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