Will the euro devalue or get stronger?

montytheferret

Does anybody have any idea whether the euro is likely to devalue or get stronger in the future? In particular against the Pound and am also interested in the dollar.

I know there's all this madness going on in Europe and its probably hard to predict but any ideas on this would be good.

This is for a college project by the way, any good websites i could look at about this?.. thanks

irishh_bob

montytheferret wrote: »

Does anybody have any idea whether the euro is likely to devalue or get stronger in the future? In particular against the Pound and am also interested in the dollar.

I know there's all this madness going on in Europe and its probably hard to predict but any ideas on this would be good.

This is for a college project by the way, any good websites i could look at about this?.. thanks

unless europe adopts full politcal and economic union , it will get weaker , its redicolously overvalued at the moment but if every country were to allow germany to write all of europes budget in the morning , the euro would soar , that wont happen in the short term so quantitive easing seems inevitable which means a weaker euro

The Outside Agency

montytheferret wrote: »

Does anybody have any idea whether the euro is likely to devalue or get stronger in the future? In particular against the Pound and am also interested in the dollar.

I know there's all this madness going on in Europe and its probably hard to predict but any ideas on this would be good.

This is for a college project by the way, any good websites i could look at about this?.. thanks

The value of most currencies IMHO have a symbiotic relationship with resources. Countries with an abundance of natural resources and political stability tend to have more productive economies, thus a stronger currency.

I believe dollars, pounds and euros will continue to decline in value unless US, Britain and Eurozone countries can resolve their energy problems.

Because most industrialised countries depend on imported oil for example, they could seek ways to use it more efficiently or try to find substitutes (difficult)

Energy will determine the value of dollar,euro and pound so I'd expect them all to decline in value as demand for energy from developing world increases.

Oil is finite regardless of what some optimistic economists claim and it is certainly linked to economic growth just as coal was during the industrial revolution.

D

http://www.bbc.co.uk/news/15676704

George Soros thinks it will get stronger