Centrist parties are predicted to receive a “heavy kicking” in the European Union Parliamentary elections, which could weaken the euro, Quentin Holland, partner at The Private Office, told thewealthnet.

He explained that a fragmented Parliament would make it hard for the EU Commission to set an agenda, “creating market uncertainty and volatility” and depreciating the euro.

If this happens and the euro does depreciate, fixed income would be the worst hit, particularly German bonds. There would also be lower interest on other "safe" assets.

As a result, the EU could well find itself in stasis, m...