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GBP/EUR Rates hit highs of 1.435 (Joshua Privett)
While Greece has agreed to the current terms of the bailout, we are still waiting for the treaty to be ratified by other European governments before it can be confirmed, which is why the rates are currently still climbing. People are nervous about Britain’s current objections towards providing loans, and many in Germany are still advocating that Greece temporarily leave the Euro zone until they recover. So the potential Grexit, and by association the Euro, are not out of the woods yet.
This is an issue that will continue over the weekend and into next week. There is potential for even greater rates to be made available before the inevitable correction once the bailout passes through the various levels of the European parliament.
To take advantage of a specific economic event, you can put a limit order into the market which will buy your currency when it hits a particular rate, even for a few moments. Or a stop loss order to buy your currency if it drops a cent following a solid ‘agreekment’ and you want to buy before it drops any more. Email me on [email protected] to discuss how to implement this overnight, and make sure you buy at the absolute top of the markets. 01494 787 478
Source: http://www.poundsterlingforecast.com/2015/07/16/gbpeur-rates-hit-highs-of-1-435-joshua-privett/
