8 Jul 2015
Europe in a nut shell for July - Scotiabank
FXStreet (Guatemala) - Analysts a Scotiabank explained the conditions in Europe for the month.
Key Quotes:
"Adverse credit conditions in Greece may place the EUR on the defensive despite recovery dynamics in Germany, Spain and France. Interest rate differentials remain a key factor weighing on the EUR."
"GBP is expected to fade its BoE-driven rally, softening into year-end on the back of relative policy. CHF is expected to weaken over the medium term however it remains vulnerable to safe-haven gains in periods of broader turbulence."
Key Quotes:
"Adverse credit conditions in Greece may place the EUR on the defensive despite recovery dynamics in Germany, Spain and France. Interest rate differentials remain a key factor weighing on the EUR."
"GBP is expected to fade its BoE-driven rally, softening into year-end on the back of relative policy. CHF is expected to weaken over the medium term however it remains vulnerable to safe-haven gains in periods of broader turbulence."