Could a Greek Default lead to a Financial Crisis? (Daniel Johnson)

GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

If Greece were to exit the Eurozone, I think we would see problems for the Euro short term. Possibly a movement up to 1.44-1.45 GBP/EUR. However the real danger lies in should another debt ridden Eurozone country decide to leave later down the road. The instability this could create would seriously damage confidence in the single currency.

I think a deal must be reached, it is in the benefit of both parties, however it really does hang in the balance at present. To Euro buyers, the safe option would be to buy now at the 8yr high. Expect unprecidented volatility in the coming weeks.

Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me at [email protected] or call on 01494 787 478 and ask for Daniel Johnson.