Trump auto price lists may just pressure euro to parity, Barclays says By means of Reuters
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© Reuters. An worker counts Euro expenses at a cash alternate place of job in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany
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© Reuters. An worker counts Euro expenses at a cash alternate place of job in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany
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LONDON (Reuters) – The euro might be pushed backpedal to parity towards the greenback if Donald Trump wins U.S. Presidential elections in November and imposes hefty 20% price lists on Europe’s carmakers, Barclays’ world chairman of analysis predicted on Friday.
Barclays sees the euro losing to $1.05 from round $1.08 now in its “base case” state of affairs of a ten% build up on broader price lists on Europe, however “if we get 20% price lists on vehicles I believe it’s most certainly going to get a lot nearer to parity,” Barclays’ Ajay Rajadhyaksha informed newshounds on a convention name.
