Daily Archives: November 5, 2011
Europe situation update
A quick update on the situation in Europe.
Late last night the heavily criticised Greek Prime minister George Papandreou narrowly survived a vote of confidence after two days of chaos that saw him propose a referendum on the 130bn-euro rescue deal to save the country from bankruptcy. It now looks like he will be forming a coalition government with the opposition and this will hopefully enable the country receiving the next tranch of bailout funds.
I feel that this story still has a long way to run and the next week for exchange rates will be just as volatile as last week’s. There have been many good buying opportunities with the volatility in GBP/EUR rates recently and those of you with accounts set up with us have achieved significantly better rates than through the high street bank. If you would like information on how to set up trading with us please email me at bma@currencies.co.uk
