Euro at risk if 'ANY hard #Brexit comes to pass, Brussels warned

Investment expert Sandra Crowl warned the European Union that "any negative Brexit" could potentially weaken the euro. The eurozone has already begun to show signs of increased fragility, with Italy announcing last week the beginning of a recession and Germany's Deutsche Bank warning the country is tethering towards economic decline. The weakness in the common currency against the pound could however continue should Brussels fail to strike a divorce deal with Britain before Brexit day on March 29.

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Speaking to Bloomberg, Ms Crowl said: "It’s a little bit hard to be short but that’s not without saying we can still see some pound weakness as we got into these negotiations, particularly against the US dollar.

"Not so much really against the euro because any negative result out of Brexit – hard or no deal – will obviously affect the euro as well. We will see that flow through into a weaker euro."

Despite signs of the pound surging after the latest meeting between Theresa May and Brussels eurocrats, the member of the Carmignac Gestion investment committee however warned selling sterling remains "risky" amid continued uncertainty about the future UK-EU relations. 

She continued: "We are not short of a recession, the is clear, but we still have some growth in the UK.

READ MORE: Pound LIVE: GBP Sterling SURGES against euro as Germany falls into ‘RECESSION’

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