The pound sterling hit an all-time low against the dollar last week. The euro is at its lowest in twenty years. The sharp declines in currencies in Europe are the result of inflation rates that hit record and which are followed by billionaire packages announced by European governments to try to contain the rise in prices.
Both high inflation and high spending increase countries’ risk and drive capital away. With money flowing out, the dollar supply decreases and the euro and pound fall against the US dollar.
But with the pound and euro at lows, is it time to buy the currencies low? to answer this question, on the one hand Paulo Gala, chief economist at Banco Master, who defends investing in currencies such as the euro. On the other, Marcus Labarthe, founding partner of GT Capital, who prefers to invest in the pound.
“The Great Debate – Investments” will always have the presence of two experts with opposing views to discuss the pros and cons of different investment options and solutions, as well as topics from the world of personal finance and the financial market.
The attraction is weekly and airs on Mondays at 8:50 pm.
(Posted by Ana Carolina Nunes)
Source: CNN Brasil
I am Joe Jameson, author of World Stock Market. I have a fascination with the stock market and how it affects our world. I enjoy writing about my findings and hope to help others understand this complex system.