Analyst Pin-board Europe: Currency issues
- This writer travelled to Paris and Frankfurt lately to meet with contacts and was amazed at how much the focus was on the British Pound.
- The Euro continues to be weak.
- European companies are keen on reducing their manufacturing exposure to China. SE Asia should benefit from ‘re-localization’.
Not sure if the death of the Queen of England has anything to do with the weakness of the British Pound, but sure the focus of currency traders has been on that currency lately. The Pound has lost 21% versus the USD since the beginning of the year (Figure 1) and almost 7% against the Euro (Figure 2).
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