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Greeks finalise bailout and GBP/EUR rates fall to 1.42
Yesterday Greece passed the crucial reform bills necessary for talks on the €86bn Euro bailout to begin. The protests outside the Greek Parliament turned ugly once more, with further petrol bombs and other potentially lethal devices being deployed.
Today a significant amount of data will be released on the UK economy, but these will likely have little bearing on exchange rates at the moment. As such it is likely that we will see a gradual decline in rates today now that the bailout will be moving forward without any more objection from Greece.
Further down the line, I’m sure negotiations over the specifics of the bailout will become very contentious as they have in the past. But this will be weeks, or even months away. Those who have a Euro requirement in the next month may be looking at the best rates available as I type this article.
Call me on 01494 787 478 and ask for Joshua to discuss how to secure the most favourable rates of exchange while they are still available. Even if your requirements are not until later in the month, it is a simple task to peg the rates as they are to avoid missing out. [email protected]
Source: http://www.eurorateforecast.com/2015/07/23/greeks-finalise-bailout-and-gbpeur-rates-fall-to-1-42/
