Kerr Neilson: We are betting on the euro. Kerr Neilson shares his views on QE in Europe and Japan and what the implications are for currencies and interest rates. What we have is a world where we have so many distortions - and this is another one. Our view is that the US will see rates gradually creep up but how quickly will depend on labour costs. I think that is the thing to watch. Neilson provides his views on the scenarios playing out with QE in Europe and in Japan. He also explains why he has decided to take a position in the Euro rather than the US dollar. Watch the interview here: