July's outlook for Europe, weak EUR, GBP and CHF - Scotiabank

FXStreet (Guatemala) - Analysts at Scotiabank explained that adverse credit conditions in Greece may place the EUR on the defensive despite recovery dynamics in Germany, Spain and France.

Key Quotes:

"Interest rate differentials remain a key factor weighing on the EUR. GBP is expected to fade its BoE-driven rally, softening into year-end on the back of relative policy. CHF is expected to weaken over the medium term however it remains vulnerable to safe-haven gains in periods of broader turbulence."