1.41 GBP/EUR! Will it last however? (Daniel Johnson)

GBP EUR Exchange Rate: Weekly Review July 16  

Alexis Tsipras is trying to push some final details with Greek ministers in order for the agreed deal with Greece’s creditors to come to fruition. Although there are a couple of stumbling blocks, I feel a deal must take place. With Greek banks still not open after nearly two weeks, the country is very close to breaking point. Not helping the matter is that the  Greek people have lost faith in Tsipras after he agreed terms he previously stood firmly against.

Expect a short term bail out in the next 24hrs. This should create some Euro strength. If your buying euros I would get it done while we sit as these record levels.

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.