Greece bailout - what will it mean for the Euro exchange rate?

Unless a fantastic plan is announced soon I personally would expect that Euro is due to weaken in the coming weeks as there are many cracks starting to appear in the Euro Zone and I believe the Dollar may well continue to gather momentum against the Euro in the coming weeks.

Strerling should hopefully climp against the Euro again maybe not at the same pace ahowever as the U.K has many underlying problems of it's own!

It would not shock me to see a surprise thrown at us once we have a full announcement on Greece so if you do have an upcoming transfer to make then let me know and I can get on the phone once the market starts to react be it in a good or bad way so that you are in the position to act fast should you need to.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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