How will QE affect the Euros?

GBP EUR Exchange Rate: Weekly Review July 16  

Quantitative Easing by the European Central Bank might severely devalue the Euro but significant Euro weakness is well priced into current exchange rates. On balance I would feel that looking at how QE has aeffected other currencies the future does not look bright for the Euro. The pound has risen today further against a weaker Euro as investors take stock of QE on the cards and impressive UK economic data.

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