Euro keeps gathering strength

The story for the euro has been that it started strong and kept getting stronger. Despite some concerns being voiced about the headwinds that European exporters are starting the face because of the currency’s value, the ECB adopted a cautious tone in their announcement yesterday. There are signs that there may be changes to policy forthcoming in October, but until then the currency will continue to gather strength largely unchecked. The strength of the euro is, in part, due to the contrast between the weaker pound and US dollar, but Eurozone growth is also a factor. The growth has been stronger than expected this year, and the ECB predicts this will now come in at decade-high of 2.2%