“We’re on a tipping edge, so-to-speak,” claims Linear Investments head of wealth management Tim Harrison.
“Any real detriment and you could see the Eurozone start to contract which is obviously what they don’t want to do.
“The market is suggesting the [ECB chief] Draghi will try and talk down the euro to try and bring a bit of weakness into the currency to try and keep things competitive.”
Looking across the pond to Wall Street, Harrison thinks the potential impact of hurricane Irma is “more worrying that Kim Jong-un”.
As for sterling, which crossed over the US$1.30 level overnight, Harrison expects it to continue to strengthen given the “rude health” of the UK economy and the fact the Trump trade is starting to “fall apart”.