Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
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EUR in 2017

Everything kicked off with the shock vote on June 23rd for the UK to leave the EU and was cemented later in the year when Donald Trump was elected president of the USA. In contrast, on the same day, Austria voted down the anti-EU far-right Freedom party in their presidential election. Trump won votes off the back of having an expansionary financial plan. Expected to be negative for the euro, but positive for the euro against the pound Greece’s current bailout regime ends in 2018 and will likely need extending.

Key Takeaways:

  • The euro has had a turbulent existence since its introduction to the open market between 1999 and 2002.
  • In the early days, the single currency benefitted from a prolonged period of global economic boom and hit highs of $1.59 and £0.95 in 2008.
  • The credit crunch of 2008/9 took its toll on the common currency and it fluctuated in the following years on news of bailouts, bond buying programmes and banking crisis.

“What we do know is that during his election campaign, Trump won votes off the back of having an expansionary financial plan.”

https://www.foremostcurrencygroup.co.uk/eur-in-2017/

About the Author Rory

Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.

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