View more on these topics

Euro falls on ECB warning currency could get too strong

European Central Bank policy makers warned that further rises in the euro could impact on the region’s recovery, with the currency falling to its lowest level this month shortly after.

The ECB’s latest interest rate-setting meeting expressed concerns about the euro, which had hit a two-and-a-half year high against the dollar. The euro then dropped $1.1661 before picking up to $1.173 late yesterday, the Financial Times reports.

The eurozone’s recovery has been seen a driver of a recent strength in the euro, which has risen not just against the dollar but a number of other currencies,.

This also present a dilemma for the ECB when it decides to scale back its €2tn of quantitative easing.

Economist at the bank ING-DiBa Carsten Brzeski told the FT said the minutes indicated “an ECB which wants to steer . . . towards tapering extremely cautiously”.

Recommended

Loney-Phil-Royal London-2013
4

Royal London drawdown sales spike as chief slams non-advised market

Drawdown and individual pension sales at Royal London rose by more than 60 per cent in the first half of 2017, but the provider has hit out at the non-advised market for failing to protect customers. In its results this morning, Royal London said that it had seen a particular boost to individual pensions and […]

2

Blog: What next for vertical integration?

Is it inevitable that all large life and pensions companies will look to become vertically integrated? It certainly seems the tide is shifting that way. Prudential, not content with quietly building up its advice arm to more than 300 advisers over the last few years, announced yesterday it wanted to fully integrate its asset manager […]

7

FOS chair: Cases are not ‘too complex’ for our staff

Financial Ombudsman Service chairman Nicholas Montagu has defended the skills of the adjudicators at the complaint handling service. In a letter to the FOS, The Claims Bureau chairman Peter O’Donnell claims that a number of cases he is handling had been delayed by over 11 months, and claims that ombudsmen had told him that the […]

Tech winners keep on winning

By Ali Unwin, chief technology officer & fund manager, Neptune Artificial intelligence, driverless cars, big data. As technological advancements – and disruption – increasingly dominate headlines, Ali Unwin sets out six key themes he is watching in 2017. Read more Important Information Investment risks Neptune funds may have a high historic volatility rating and past performance […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment