Greece’s Problems Prolonged (Daniel Johnson)

GBP EUR Exchange Rate: The Week Ahead September 19th

Greece’s provisional agreement  is now in place. The debt remains however, simply postponed to be dealt with at a later date . The two sides are still at loggerheads  and there doesn’t seem to be a resolution in sight. The head of  the ECB (European Central Bank) Mario Draghi is set to speak this afternoon which could cause some volatility dependent on his outlook. However I do not expect anything to exciting to said with QE (Quantitative Easing) yet to kick in and Geece’s  problems being swept under the carpet. I feel with no resolution the Eurozone woes are set to continue.

It is currently very attractive for Euro buyers as we sit at the 1.36 level (7yr high), hanging on may be an option but, with the general election looming it maybe wise to move before the political uncertainty cause Sterling weakness.

If you wish to call me to discuss your currency requirements please do get in touch by calling me on 01494 725353 and ask for Daniel Johnson, alternatively drop me an e-mail on [email protected] .